You pay Business Rates to contribute towards the cost of local services. Under retention arrangements that were introduced in April 2013, authorities keep a portion of the Business Rates paid in their area. This provides a financial incentive for us to work with local businesses to create a favourable local environment for growth, as we benefit from the growth in Business Rates revenue.
The money, along with Council Tax and grants from government is used to pay for the services we provide. You can find out more detailed information about business rates by reading our business rates explanation page.
For more information about the Business Rates system you can visit the GOV.UK website.
Your bill is worked out by multiplying the rateable value by the rating multiplier.
Your property will be given a rateable value which is worked out by its rental value. The rateable value is set by the Valuation Office Agency.
The rating multiplier is the rate charged for every £1 of rateable value. The multiplier for this financial year is 49.3p and the Small Business Rates multiplier is 48p. The multiplier is set by central government and depending on inflation can change each year.
You can appeal against your rateable value by visiting the Valuation Office Agency website.
Rateable Values are usually revalued every five years. They were last revalued in 2017. For more information on revaluing, visit the GOV.UK website.
For years businesses who occupied more than one unit in a building shared with other businesses were assessed for business rates based on a simple rule:
However, in 2015 in the case of Woolway (VO) v Mazars  UKSC 53 the Supreme Court decision meant that the Valuation Office Agency had to change its practice.
The Valuation Office now treats separate units in a shared building as separately rated units. This means that each unit receives their own bill regardless of whether they are in the same occupation and are touching.
As a result many ratepayers who were previously receiving only one bill are now receiving two or more. In some cases they've had to pay more in business rates as a result of this change.
My Rateable Value has changed because of the court case, what happens now?
The government haven't finalised the changes yet. Once the revised legislation is in place up-to-date advice will be published on the Valuation Office's website.
You can read more about the government’s consultation the GOV.UK website.
How do I claim the rebate now that it has changed?
Until the legislation is finalised the Valuation Office Agency will not be able to amend any assessments to reflect the proposed changes.
When will the business rates/rateable values be updated?
The government is consulting on the change to the legislation.
Once the revised legislation is in place the information will be published on Valuation Office's website.
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