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.