How we have calculated your Business Rates bill
How we have calculated your business rates bill
The council works out your business rates bill by multiplying the rateable value (RV) of your property by the multiplier. There are two multipliers
- standard non-domestic rating multiplier is 47.9p for 2017-18
- standard non-domestic rating multiplier is 49.3p for 2018-19
- standard non-domestic rating multiplier is 50.4p for 2019/20
- small business non-domestic rating multiplier is 46.6p for 2017-18
- small business non-domestic rating multiplier is 48.0p for 2018-19
- small business non-domestic rating multiplier is 49.1p for 2019/20
The standard multiplier is higher to subsidise those businesses which receive small business rate relief. Your RV and the relevant multiplier are shown on the front of your business rates bill. You can also download the 2019-20 business rates leaflet for more information.
Calculating your rateable value
Each non-domestic property has a rateable value (RV), which is set by the Valuation Office Agency (VOA). The VOA maintains a full list of all RVs, which is available on https://www.gov.uk/correct-your-business-rates
The RV of your property is shown on your bill. This broadly represents the potential yearly rent the property could have been let for on the open market on a particular date. You can also use our Contact Us Form
The valuation officer may alter your RV if your circumstances change. The ratepayer (and certain others who have an interest in the property) can appeal against the value shown in the VOA list if they believe it is wrong.
More information about the appeals process is available on https://www.valuationtribunal.gov.uk/your-appeal-type/business-rates/ or from your local valuation office: St. Peters House, 45 Victoria Street, St Albans, AL13 WZ or phone 0300 050 1501 or e-mail email@example.com