Business Rates Revaluation 2017
The government's Valuation Office Agency (VOA) sets the rateable values of all business properties. It has completed the revaluation of rateable values. These will be used to calculate business rate bills from 1 April 2017.
For more information about the 2017 revaluation, rateable values and business rates visit GOV.UK. You can also estimate your 2017/18 rates bill, including any small business rate relief that may apply.
You will no longer receive Retail Rate Relief from 1 April 2016. You may qualify for Small Business Rate Relief.
Business rates are charged on most non-domestic properties such as shops, offices, pubs and factories.
They contribute towards the cost of local services.
How it's calculated
The business rate is the rateable value of the business times a 'multiplier' that is set each year by the government. The multiplier is the number of pence per pound of your rateable value you'll have to pay in Business Rates.
Businesses with rateable values between £12,001 and £25,499 use the 'small' business multiplier.
Non-domestic rating multiplier
- 2015/16: 49.3p (0.493)
- 2016/17: 49.7P (0.497)
Small business non-domestic rating multiplier
- 2015/16: 48.0p (0.480)
- 2016/17: 48.4p (0.484)
How to pay
You can pay your business rates online, by direct debit, and in instalments.
Overpayments and refunds
If you believe you have overpaid your Business Rates, we can refund the amount to you. Contact us so we can:
- check your account
- advise you of the position
- arrange any refund (if necessary).
You can also download a refund application form.
Relief and reductions
- Email: email@example.com
- Telephone: 020 7378 5941
PO Box 65993
Wandsworth High Street
London, SW18 9LB
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