Business Rates are a tax on the right to occupy commercial property and typically equate to approximately
of annual rent. As such, they represent one of the largest overheads for businesses and substantially impact on the profitability of many organisations.
How are Business Rates calculated?
Business Rates are calculated by multiplying the Rateable Value (RV) of a property by the Uniform Business Rates (UBR). The RV is the Valuation Office’s estimate of a property’s market rent at a set valuation date. We are currently in the 2017 Rating List with Rateable Values being based on a valuation date of 1st April 2015.
See our unique online Business Rates Calculator to provide you with an estimate of your current and future rates payable.
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