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Business rates explained

Business rates overview

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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.

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