In this section
How we calculate your business rates bill
We collect business rates to help pay for local services. We work out your business rates bill by multiplying the rateable value of your property by the multiplier. The government sets the business rates multipliers for each financial year for England.
The small business non-domestic rating multiplier for 2022/23 is 49.9p. The standard rate multiplier for 2022/23 is 51.2p.
The standard multiplier is higher to subsidise those businesses which receive small business rate relief. Your rateable value and the relevant multiplier are shown on the front of your business rates bill.
Calculating your rateable value
The Valuation Office Agency is responsible for the valuation of your property. Your rateable value represents the potential yearly rent the property could be let for on the open market on a particular date. See a full list of all rateable values on the GOV.UK website.
The Valuation Office Agency may alter your rateable value if your circumstances change.
Appeal your rateable value
For more information about your property valuation or to appeal the rateable value, contact the Valuation Office Agency. You still need to pay your business rates pending the outcome of an appeal.