How your business rates bill is calculated

About rateable values, valuations, multipliers, revaluation relief.

Contents

Bill calculations

We'll send you a business rates bill when you move in and then annually before 1 April. 

How much you'll pay

This will depend on:

  • the rateable value of your non-domestic property
  • the multiplier which applies to your non-domestic property
  • any rate relief schemes you’re eligible to receive

Estimate your business rates – GOV.UK

Rateable values and valuations

Each non-domestic property has a rateable value set by the government’s Valuation Office Agency (VOA).

Find your rateable value – GOV.UK

Your rateable value is based on your property’s open market rental value on 1 April 2021.

Valuation usually happens every 3 years. The charges for the most recent revaluation – GOV.UK started on 1 April 2023.

Multipliers

A multiplier is the number of pence in each pound that the rateable value of a property is multiplied by to calculate the business rates bill.

There are 2 business rates multipliers: 

  • the small business multiplier for occupied properties which have a rateable value below £51,000 
  • the multiplier for empty properties and occupied properties with a rateable value above £51,000

The national multipliers are set by the government. These are charged from start of each new tax year (1 April) and are shown on the front of your bill.

2025 to 2026 multipliers

These are:

  • non-domestic rating multiplier including a supplement to pay for small business rate relief: 55.5 pence
  • small business non-domestic rating multiplier: 49.9 pence