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How is the business rate calculated?

The Council will work out your bill by multiplying the rateable value of your property by the appropriate rate multiplier, which the Government set each April.

For example, the rate poundage for 2014/2015 is 48.2 pence in the £. If your rateable value was £20,000 it would be multiplied by 48.21 pence and the amount you would have to pay for the year would be £9,640.00.

The amount quoted in the example may be subject to any transitional arrangements that may apply to the property and does not include any entitlement to any relief such as Small Business Rate Relief which the occupier may be entitled to apply for.