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Calculate UK Business Rates


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Business Rates Calculator

Calculate UK business rates

What are business rates?

Business rates in the UK are a tax on the right to occupy commercial property and typically equate to approximately 50% of annual rent. They represent one of the largest overheads for businesses and substantially impact on profitability.

Who has to pay business rates?

If you occupy a building, or part of one, that you use for commercial purposes, then you'll be required to pay business rates. Sometimes the landlord of the property charges the occupier a rent that also includes an amount for the business rates.

Using the business rate calculator

This calculator gives an estimate of your business rates bill based on the information you enter.To use the calculator you'll need to:

  • Enter the full address of your business premises
  • Select the location from the dropdown
  • Enter the 2017 rateable value

How are business rates calculated?

Business rates are calculated in a two-step process. Firstly, the Valuation Office Agency (VOA) are tasked with estimating the annual rent the property is likely to let for as at a statutorily fixed valuation date.&nbsp. This is called a Rateable Value (RV) and is placed in the rating list alongside the address of the property to form the assessment. These can be found on the VOA website.

The second step is this RV is then used to create the liability by multiplying it by the Uniform Business Rate (UBR) factor which is set every year. This is typically around 50p in the £ and therefore the charge is approximately 50% of the annual rent. The UBR is adjusted every year for inflation by applying the Retail Price Index (RPI).

 

 
Example

An example calculation

The Standard Multiplier for 2017/18 in England for any unoccupied property with Rateable Value (RV) of £2,900 or above and any occupied property with RV over £51,000 or above is £0.479p.

If you became liable on a commercial assessment with an RV of £60,000 for example, to calculate your liability you would multiply the 'multiplier' by the RV: £0.479p x £60,000 = £28,740. Your estimated business rate charge for the full financial year before any reliefs, discounts or exemptions are applied would be £28,740.

2017/18 UBR Multiplier for qualifying occupied assessments between RV 2,901 & 50,999 is £0.466p. Unoccupied assessments with RV £2,900 and below are exempt from any rate liability.

Ask the business rates team

As one of the leading specialist teams in this sector, we offer a full rates management service which will ensure that this costly overhead is mitigated at every stage.

Our business rates advisory services include:

  • Account management
  • Valuations, challenges and appeals
  • Compliance & auditing
  • Rate mitigation for empty properties

**City of London apply a supplement of £0.05p onto the standard multiplier. ***All assessment over RV £70,000 within Greater London have an additional Business Rates Supplement of £0.02p added to their charge for Crossrail.



 
Current Business Rates Multiplier

Uniform business rates England

ENGLAND RATE YEAR   SMALL **RV <£51,000   STANDARD   
2017-18 46.6p 47.9p
2018-19 47.5p 48.8p
2019-20 49.0p 50.3p
2020-21 50.2p 51.5p
     

Uniform business rates Scotland

SCOTLAND RATE YEAR  LARGE (>RV £51,000)  MEDIUM  
2017-18 49.2p 46.6p
2018-19 50.1p 47.5p
2019-20 51.6p 49.0p
2020-21 52.8p 50.2p
2021-22 53.8p 51.2p

Uniform business rates Wales

WALES RATE YEAR  ALL PROPERTIES   
2016/17 48.6p
2017/18 49.9p
2018/19 50.9p
2019/20 52.5p
2020-21 53.8p
   

BUSINESS RATES GUIDES