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Business Rates - A Guide
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Skip Guide NavigationHow are Business Rates calculated?
The basic calculation involves multiplying the Rateable Value of the property by the multiplier or rate poundage, which is set annually by the Government. The Rateable Value is set by The Valuation Office Agency.
What is the multiplier?
The multiplier is set each year by the Government and cannot, by law, rise by more than the amount of the increase in the retail price index (except immediately following a revaluation).
There are different multipliers for different sized properties.
To find out the multiplier that applies to your property please go to The Valuation Office Agency website.
There are other factors which may affect the amount you actually have to pay, including various relief schemes. You can find out more about these by visiting our Reducing your Business Rates Bill page.