London Borough of Barnet

Valuation

How to estimate your business rates 

Multiply the rateable value for your business with a ‘multiplier’ set by the government to estimate your business rates.

A multiplier is the number of pence per pound of rateable value that you’ll have to pay in business rates, before any relief or discounts are deducted.

Multipliers are reviewed every year in line with inflation.

  1. Search by postcode to find the rateable value of your business.
  2. Find the correct multiplier for your size of business and location. Contact us to see if you qualify for the small business multiplier.
  3. Multiply your rateable value by the correct multiplier. This shows you how much you will have to pay in business rates (before any relief is deducted).
  4. Take away any business rate relief that you’re entitled to.

Example

Barbara has a business in England (outside the City of London).

The rateable value of her business is £10,000, so she uses the 2013 to 2014 small business multiplier for England (46.2p) to estimate her business rates as follows:

£10,000 (rateable value) x £0.462p (multiplier) = £4,620 (basic business rates)

She may also be eligible for small business rate relief as her rateable value is less than £12,000.

Business Rates

Address:
P.O.Box 2016, Pershore, WR10 9BH

Tel: 020 8359 2735

Fax: 0870 889 5487

Valuation Office Agency

Address:
Valuation Office Agency,
Inland Revenue,
Chase House,
305 Chase Road,
Southgate,
London N14 6LZ

www.voa.gov.uk