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

England and Wales

Rates from April 2017

You can search for your property using the Valuation Office Agency (VOA) service to estimate what your business rates will be from April 2017.

Rates before April 2017

  1. Find the rateable value of your business. This is an estimate of its open market rental value.

  2. Work out the correct ‘multiplier’ to use. In 2016 to 2017 this is 49.7p, or 48.4p if your rateable value is below £18,000 (£25,500 in Greater London). There are different multipliers in Wales and the City of London.

  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.

Example

Barbara has a business in England (outside the City of London). 
The rateable value of her business is £10,000, so she uses the 2016 to 2017 small business multiplier for England (48.4p) to estimate her business rates as follows:

£10,000 (rateable value) x £0.484p (multiplier) = £4,840 (basic business rates)

She may also be eligible for small business rate relief as her rateable value is less than £12,000.


Scotland

Use the Scottish government’s business rates calculator if you’re in Scotland. The ‘multiplier’ is called the ‘poundage rate’ in Scotland.

Northern Ireland

Use the calculator on the Department of Finance and Personnel website.

You’ll need to know the ‘net annual value’ of your property. You can find it on the Land & Property Services website.