2. How your rates are calculated

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

This is its open market rental value on 1 April 2008, 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.

If you’re asked to provide rental information

The VOA may send you a request for rental information about your property so they can work out its rateable value. You can either:

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


Business rates are worked out using the rateable value set by the local assessor and the ‘poundage rate’ (a proportion of your rateable value) set by the Scottish Government.

You may pay less than this if you’re eligible for any reliefs.

You can estimate your business rates.

If you think your rates are wrong

You can ask for your property’s rateable value to be corrected if you think it’s wrong.

Interested in finding out more?

Get in touch with us now to find out how we can help.