Business rates
How your rates are calculated
Business rates are based on your property’s ‘rateable value’.
This is its open market rental value on 1 April 2024, based on an estimate by the Valuation Office (VO).
You can find your rateable value and check how it was calculated.
Business rates are handled differently if your property is in Scotland or your property is in Northern Ireland.
Estimate your business rates
Your local council calculates your business rates bill using a ‘multiplier’. Your rateable value is multiplied by this number to get your final bill.
There’s guidance on how to estimate your business rates.
Your bill may be reduced if your property’s eligible for business rates relief.
If you think your rateable value is wrong
You can use your business rates valuation account to:
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report changes to your property (such as floor area sizes and parking)
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challenge your rateable value
You can report changes to your property at any time.
You can read guidance on how to challenge your property’s rateable value.
If you’re asked to provide rental information
The VO may ask you to provide rental information about your property so they can work out its rateable value.
Contact the VO if you need more time to send in your rental information.