How your rates are calculated

Business rates are worked out based on your property’s ‘rateable value’.

This is its open market rental value on 1 April 2015, based on an estimate by the Valuation Office Agency (VOA).

You can estimate your business rates by multiplying the rateable value by the correct ‘multiplier’ (an amount set by central government).

Your bill will be reduced if your property’s eligible for business rates relief.

Business rates are handled differently if your property is in Scotland or your property is in Northern Ireland.

If you think your rates are wrong

You can challenge your property’s rateable value if you think it’s wrong.

How you challenge the rateable value depends if:

If you’re asked to provide rental information

The VOA may ask you to provide rental information about your property so they can work out its rateable value.

Contact the VOA if you need more time to send in your rental information.