Waverley's Covid Alert Level is MEDIUM

Residents are urged to be extra vigilant as local Covid cases are on the rise. Remember to wash hands, wear facemasks when required and keep your distance to help stop the spread of the virus.

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How business rates are calculated

Central government sets the formula for working out your business rates.

The Valuation Office Agency will give your premises a rateable value.  We use this to calculate how much you should pay. We work out the bill by multiplying the rateable value of the property by a figure set annually by central government (known as a multiplier). 

Multipliers

There are two multipliers for 2020/21:

  1. The standard non-domestic rating multiplier which is 51.2p in the pound.
  2. The small business non-domestic rating multiplier which is 49.9p in the pound.

More information

How to check and challenge your rateable value (gov.uk)

Business rates homepage

Page owner: Vanessa de Chazal. Last updated: 15/09/2020 09:05

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