How we work out your business rates
The amount you have to pay is based on your property’s ‘rateable value’.
We use the rateable value and the business rates ‘multiplier’ to work out how much you owe.
How rateable value works
The Valuation Office Agency (VOA) calculates the rateable value. It’s usually based on the:
- rental value of the property
- size of the property
- type of business
The rateable value is shown on the front of your bill.
You can check the rateable value of your property online (GOV.UK).
How we use the multipliers
The multiplier is the number your rateable value is multiplied by to get your final bill. From 1 April 2026, there will be 5 multipliers:
- small business RHL multiplier: 38.2p
- small business non-domestic rating multiplier: 43.2p
- standard RHL multiplier: 43.0p
- standard non-domestic rating multiplier: 48.0p
- high-value non-domestic rating multiplier: 50.8p
You can check the current multiplier and estimate your business rates online (GOV.UK).
How revaluation works
The VOA regularly updates the rateable values of all business and other non-domestic properties in England and Wales to reflect changes in the property market. This is called a ‘revaluation’.
The most recent revaluation will come into effect from 1 April 2026.
Learn more about Business rates revaluation 2026
Page last updated: 21 November 2025
