How you estimate your business rates depends on where your property is.
England and Wales
Estimate your 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.
Manually work out your rates for any year
Find the rateable value of your business. This is an estimate of its open market rental value.
Check the table to find out which ‘multiplier’ to use. Until 31 March 2017, use the small business multiplier if your rateable value is below £18,000 (£25,500 in Greater London). From 1 April the threshold is increasing, so use the small business multiplier if your rateable value from April 2017 will be below £51,000.
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).
Take away any business rate relief that you’re entitled to. If your business rates are increasing as a result of the 2017 revaluation, this may include transitional relief so that changes to your bill are phased in gradually.
|Year||Standard multiplier||Small business multiplier|
|2017 to 2018||47.9p||46.6p|
|2016 to 2017||49.7p||48.4p|
|2015 to 2016||49.3p||48.0p|
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. From 1 April 2017, this threshold is increasing to £15,000.
Use the Scottish government’s business rates calculator if you’re in Scotland. The ‘multiplier’ is called the ‘poundage rate’ in Scotland.
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.