Business Rates Calculations

 

Business Rate Multipliers

Financial Year National Non-
Domestic Multiplier
£
Small Property
Multiplier *
£
Small Business Relief
Scheme Multiplier **
£
1990/1991 0.348    
1991/1992 0.386    
1992/1993 0.402    
1993/1994 0.416    
1994/1995 0.423    
1995/1996 0.432    
1996/1997 0.449    
1997/1998 0.458 0.449  
1998/1999 0.474 0.465  
1999/2000 0.489 0.480  
2000/2001 0.416    
2001/2002 0.430    
2002/2003 0.437    
2003/2004 0.444    
2004/2005 0.456    
2005/2006 0.422   0.415
2006/2007 0.433   0.426
2007/2008 0.444   0.441
2008/2009 0.462   0.458
2009/2010 0.485   0.481
2010/2011 0.414   0.407
2011/2012 0.433   0.426
2012/2013 0.458   0.45
2013/2014 0.471   0.462
2014/2015 0.482   0.471
2015/2016 0.493   0.48
2016/2017 0.497    0.484

* Small Property Relief was introduced with effect from 1st April 1997 in the form of a small property multiplier. This measure applied to properties outside Greater London whose Rateable Value shown in the 1995 Rating List was less than £10,000 (less than £15,000 in Greater London). This relief was not extended beyond the 1999/2000 rate year.

** There are two multipliers in respect of the 2005/2006 and subsequent rate years: -

Small Business Multiplier
This will apply to those businesses that are eligible for relief under the Small Business Rate Relief Scheme.

Standard Multiplier
This includes the supplement to fund the Small Business Relief Scheme. This multiplier will apply to any business not benefiting from the Small Business Relief Scheme. View Small Business Rate Relief Scheme information.

Find out the Rateable Value for a property.

Rateable Values

* The Government has extended the current five year period of the 2010 list to 2017.
View more information concerning the latest revaluation

Backdated Appeals

When the Government postponed the 2015 business rates revaluation to 2017, it extended the period over which bills would be based on rateable values in the 2010 rating list. This also extended the period over which alterations to rateable values could be backdated. As a result, under the current arrangements, by March 2018, a business could potentially have received a business rates bill backdated for up to 8 years and ratepayers could have had 7 years in which to challenge the rateable value. This is an excessively long period of uncertainty for both businesses and local government.

Therefore, the Government decided to address this. The rules have now been changed so that alterations to rateable values can only be backdated to the period between 1 April 2010 and 1 April 2015 for Valuation Office Agency alterations made before 1 April 2016 and rate payers' appeals made before 1 April 2015. Regulations implementing this measure were laid on 3 March.

The Valuation Office has to maintain the Rating List until the next revaluation and may alter the Rateable Value if they believe that the circumstances of the property have changed. The ratepayer (and certain others who have an interest in the property) can appeal against the Rateable Value if they believe it is incorrect.

It should be mentioned that an increase or decrease in Rateable Value may not necessarily result in a smaller or larger rates bill. This is because the calculation is based on a number of other factors such as the Rate Multiplier.

Check your Rateable Value

Your Rateable Value will be displayed on your Business Rates bill. You can also find out your Rateable Value from the following:

Valuation Office Agency
Business rate enquiries
Warwick House
67 Station Road
Redhill
RH1 1DL

Telephone: 03000 501 501
Fax: 03000 506961
ratingsoutheast@voa.gsi.gov.uk

 

Empty Property Rates

Some properties can get extended empty property relief:

  • industrial premises (e.g. warehouses) are exempt for a further 3 months
  • listed buildings - until they're reoccupied
  • buildings with a rateable value under £2,600 - until they're reoccupied
  • properties owned by charities - only if the property's next use will be mostly for charitable purposes
  • community amateur sports clubs buildings - only if the next use will be mostly as a sports club

Please contact the Business Rates as soon as a property becomes vacant

How will your rate liability be affected if your property is only partly occupied?

If your property is only partly occupied, the Council has discretion to request that the Valuation Officer of the Inland Revenue apportions the property's Rateable Value between the occupied and unoccupied areas. Contact us for more information 01276 707100.

You can check the Rateable Value and description of your property on the Valuation Office Agency's website.

2017 Revaluation

At revaluation, the government adjusts the value of business rates to reflect changes in the property market.

Revaluation usually happens every 5 years. The most recent revaluation came into effect in England and Wales on 1 April 2010, based on rateable values from 1 April 2008.

The next revaluations will take effect from 1 April 2017 in England, Scotland and Wales. The draft list will be published on 30 September 2016.

You can check your adjusted rateable value from 1 April 2017 at https://www.gov.uk/correct-your-business-rates

You can register for the Revaluation 2017 Mailing List on the Valuation Office website

The Business Rate Multipliers, that are used to calculate the gross rates payable, before the application of any relief or exemption have not yet been published. They are normally announced in the Chancellor of the Exchequers Autumn Statement. In addition any changes to the current exemption and relief rules, including Small Business Rate Relief will also be announced in the Autumn Statement.

A paper copy is available for inspection at Surrey Heath House but please note that if you think you will need more than 30 minutes to inspect the list a prior appointment should be made by emailing revenues@surreyheath.gov.uk please put Revaluation 2017 in the email title. Copies of list entries or the full list are chargeable but can be downloaded free of charge from https://www.gov.uk/correct-your-business-rates

The Valuation Office Agency have stated that, they will also provide the full rating lists and a majority of summary valuations as a downloadable dataset. This provides a reliable and easy alternative for any advanced bulk data users. The data will be publicly available for download and free of charge but it can be used for business rates purposes only – full terms and conditions and a link to the download will be available on https://www.gov.uk/correct-your-business-rates

Keep checking this webpage for any updates on the 2017 revaluation