How are business rates calculated?

The council works out the business rates bill for a property by:

multiplying the rateable value of the property by the appropriate non-domestic multiplier
applying any qualifying transitional phasing
awarding any applicable reliefs or exemptions

Non-domestic multipliers

We use the non-domestic rating multiplier to produce the annual rate bill for a property. The multiplier is set by the Government each year.

The multipliers change every year in line with inflation. By law they can't go up by more than the rate of inflation, except in the year of a revaluation.

There are two multipliers:

the standard non-domestic rating multiplier
the small business non-domestic rating multiplier.

Both multipliers for a financial year are based on the previous year's multiplier adjusted to reflect the Consumer Price Index (CPI) inflation figure for the September prior to the billing year, unless a lower multiplier is set by the government.