Who calculates business rates charges?

Which agency does what?

The Valuation Office Agency sets the rateable value on which charges are based. Find out your rateable value and information about your property valuation.

The Government sets the rating multiplier and make the national legislation and rules.

We bill and collect business rates on behalf of Central Government.

How is the business rates charge calculated?

We multiply the rateable value of an individual property, which is set by the Valuation Office Agency by a 'multiplier' (the national non-domestic multiplier) set by central government.

There are two multipliers, the standard non-domestic rating multiplier, and the small business rating multiplier. From 1 April 2024 both multipliers are based on the previous year's multiplier adjusted to reflect the Consumer Price Index inflation figure, unless a lower multiplier is set by Government. The multiplier represents the number of pence in each pound of the rateable value that will be payable in Business Rates before any relief or discounts are applied.

From 1 April 2024 all properties with a rateable value below £51,000 automatically have their rates calculated using the small business rating multiplier. Between 1 April 2017 and 31 March 2024 all occupied properties with a rateable value below £51,000 automatically had their rates calculated using the small business rating multiplier (unless already in receipt of Mandatory or Rural Rate Relief). Between 1 April 2012 and 31 March 2017 all occupied properties with a rateable value below £18,000 automatically had their rates calculated using the small business rating multiplier.

Business Rates multipliers for each financial year 2010/11 to 2024/25

Financial year

Business Rates Multiplier

Small Business Rates Multiplier

2024/25 Standard 54.6p  49.9p
2023/24 Standard 51.2p 49.9p
2022/23 Standard 51.2p 49.9p
2021/22 Standard 51.2p 49.9p

2020/21

Standard 51.2p 49.9p

2019/20

Standard 50.4p 49.1p
2018/19 Standard 49.3p

48.0p

2017/18

Standard 47.9p 46.6p

2016/17

Standard 49.7p 48.4p

2015/16

Standard 49.3p

48.0p

2014/15

Standard 48.2p

47.1p

2013/14

standard 47.1p

46.2p

2012/13

standard 45.8p

45.0p

2011/12

standard 43.3p

42.6p

2010/11

standard 41.4p

40.7p

The multiplier applied can be found on the front of your business rates bill.

Business rates team

Telephone: Monday, Wednesday, Thursday, Friday, 9am – 12noon, Tuesday 10am - 12noon

Address: Lythalls Lane Industrial Estate
Coventry
CV6 6FL

Telephone: 024 7683 2525