Estimate your business rates

How you estimate your business rates depends on where your property is.

This guide is also available in Welsh (Cymraeg).

England or Wales

  1. Find the rateable value of your business property. This is based on an estimate of its open market rental value on either 1 April 2015 (for the 2017 to 2018 tax year until the 2022 to 2023 tax year) or 1 April 2021 (for the 2023 to 2024 tax year).

  2. Check the table to find out which ‘multiplier’ to use. Use the standard multiplier if your rateable value is £51,000 or more. Use the small business multiplier if your rateable value is below £51,000.

  3. Multiply your rateable value by your multiplier. This shows you how much you will have to pay in business rates (before any relief is deducted).

  4. Take away any business rate relief that you’re entitled to. If your business rates are increasing as a result of the 2021 revaluation, this may include transitional relief so that changes to your bill are phased in gradually.

Year Standard multiplier Small business multiplier
2023 to 2024 51.2 pence 49.9 pence
2022 to 2023 51.2 pence 49.9 pence
2021 to 2022 51.2 pence 49.9 pence
2020 to 2021 51.2 pence 49.9 pence
2019 to 2020 50.4 pence 49.1 pence
2018 to 2019 49.3 pence 48.0 pence
2017 to 2018 47.9 pence 46.6 pence

Before 2017 to 2018, use the small business multiplier if your rateable value is below £18,000 (£25,500 in Greater London).

There are different multipliers if:

Example

Barbara has a business in England. The rateable value of her business property is £10,000, so she uses the 2022 to 2023 small business multiplier (49.9 pence) to estimate her business rates as follows:

£10,000 (rateable value) x £0.499 pence (multiplier) = £4,990 (basic business rates)

As her rateable value is less than £15,000, she may be able to reduce her bill by applying for small business rate relief.

Scotland and Northern Ireland

There’s a different way to calculate business rates if:

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