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:
- provide your rental information online
- send it by post – contact your regional VOA office and ask for form VO6003, or form VO6005 if you need to send additional information
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.