You are here
Business rates explained
What you'll pay
You must pay Business Rates (National Non-Domestic Rates) on properties such as shops, offices and factories. Central government set the multipliers (the rates in the £) each year.
For 2017/2018 the multiplier has been set at 47.9p. Businesses qualifying for small business rate relief will pay a multiplier of 46.6p.
The Valuation Officer sets Business Rates based on the rateable value of the property. This is revalued on a regular basis.
The latest general revaluation is effective from 1st April 2017.