Calculating business rates
The amount of business rates you will pay is decided by the rateable value which is set by the Valuation Office Agency (VOA).
The rateable value of your property is shown on the front of your bill, or you can view it using the business rates valuation check on the GOV.UK website.
A property's rateable value is based on the yearly rental value of the property.
Business rates are calculated using a 'multiplier' which is set nationally each year.
There are 2 national multipliers, the first is the national non-domestic rate multiplier which is used to calculate the rates for all businesses. The second multiplier is for small businesses who qualify for small business rate relief.
The actual amount a business will pay is calculated by multiplying the rateable value of the property by the relevant multiplier. You can appeal against the value on the GOV.UK website if you think it is wrong.
Non domestic rating multiplier
54.6p
Small business non domestic rating multiplier
49.9p