FAQ About Business Rates

How the business rate is calculated

Business Rates are calculated as follows:

Rateable Value x National Non-domestic Rating Multiplier = Business Rate

The business rate that is payable may be subject to Transitional arrangements which help to cushion the impact for businesses facing large increases when a national revaluation of properties takes place. It also limits amounts that rates can go down.

All business properties have a rateable value. The Valuation Office Agency sets the rateable values and all rateable values have been reassessed from 1 April 2017.

We work out your bill by multiplying the rateable value of your property by the appropriate rate multiplier, which is set by the Government set year and then apply any of the transitional arrangements that may apply to your property.

Non-domestic Rating Multiplier

There are two multipliers: the standard non-domestic rating multiplier and the small business non-domestic rating multiplier. The standard non-domestic rating is higher as it also pays for small business rate relief.

The Government sets the multipliers for each financial year for the whole of England. The yearly multipliers from April 2010 are shown below.

2017/2018 Rating Multiplier

  • Standard non-domestic rating multiplier 47.9 pence.
  • Small Business non-domestic rating multiplier 46.6 pence.

2016/2017 Rating Multiplier

  • Standard non-domestic rating multiplier 49.7 pence.
  • Small Business non-domestic rating multiplier 48.4 pence.

2015/2016 Rating Multiplier

  • Standard non-domestic rating multiplier 49.3 pence.
  • Small Business non-domestic rating multiplier 48.0 pence.

2014/2015 Rating Multiplier

  • Standard non-domestic rating multiplier 48.2 pence.
  • Small Business non-domestic rating multiplier 47.1 pence.

2013/2014 Rating Multiplier

  • Standard non-domestic rating multiplier 47.1 pence.
  • Small Business non-domestic rating multiplier 46.2 pence.

2012/2013 Rating Multiplier

  • Standard non-domestic rating multiplier 45.8 pence.
  • Small Business non-domestic rating multiplier 45.0 pence.

2011/2012 Rating Multiplier

  • Standard non-domestic rating multiplier 43.3 pence.
  • Small Business non-domestic rating multiplier 42.6 pence.

2010/2011 Rating Multiplier

  • Standard non-domestic rating multiplier 41.4 pence.
  • Small Business non-domestic rating multiplier 40.7 pence.

How do I find out my rateable value?

You can find out how much your Business Rates will be by checking on the Valuation Office’s website.

Are all businesses rateable?

Generally, business rates are payable on most commercial properties like shops, offices and hotels.

You don’t have to pay business rates on the following properties:

  • Churches
  • Public parks
  • Farm Land and Buildings
  • Moorings
  • Sewers

How can I appeal against my rateable value?

The Valuation Office Agency may change the rateable value of a property if they feel that circumstances have changed since the last valuation.

In cases where the Valuation Office Agency and a business ratepayer are unable to reach agreement about a change in rateable value, they can make an appeal to a Valuation Tribunal.

If you do ask the Valuation Office Agency to change your rateable value you must carry on making your usual payments until you are told your new value.

Contact Us

Telephone

Business Rates Enquiries

01202 454833 / 01202 451571

Address

Customer Services Centre

St Stephens Road
Bournemouth
BH2 6EB

Online

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