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
From 1 April 2017 businesses with rateable values between £15,001 and £50,099 use the 'small' business multiplier.