This guide shows how to estimate your business rates in England or Wales. Even so, your local council will make the final calculation.
ESTIMATING BUSINESS RATES: Follow the steps below by multiplying the rateable value of the business by a multiplier value.
Note: The government sets and applies small business multipliers before any rate relief reductions occur.
Year 2018 to 2019: The standard multiplier is 49.3p and the small business multiplier is 48.0p
Year 2017 to 2018: The standard multiplier was 47.9p and the small business multiplier was 46.6p
Year 2016 to 2017: The standard multiplier was 49.7p and the small business multiplier was 48.4p
Note: If the rateable value is below £18,000 (or £25,500 in Greater London) you can use the small business multiplier before 2017/18. Different multiplier values apply in parts of Wales and in the City of London.
Business Rates Example Calculation:
Barry runs a business in Manchester, England. The rateable value of his business is £12,000.
He would use the 2018 to 2019 small business multiplier (48.0p) to estimate business rates as follows:
£12,000 (rateable value) x £0.48p (multiplier) = £5,760 (basic business rates).
Note: In this example, the rateable value of the commercial property is less than £15,000. So, Barry may qualify to reduce his rate bill by applying for small business rate relief.
Estimating Business Rates in the United Kingdom