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Business rates

Pay your business rates

What are business rates?

Business rates, collected by local authorities, are the way those who occupy non-domestic property contribute towards the cost of local services.

Business rates are charged on most non-domestic properties, like:

  • shops
  • offices
  • pubs
  • warehouses
  • factories
  • holiday rental homes or guest houses, e.g. a boarding house

The money, together with revenue from council taxpayers, the revenue support grant provided by government and certain other sums, is used to pay for the services provided by your local authority and other local authorities in your area. Further information can be found in our business rates leaflet.

Calculating your business rates

Business rates are worked out by multiplying the ‘rateable value’ of your property which is set by the Valuation Office Agency (VOA) by the national business rates multiplier.

The business rates calculator gives you an estimate of your annual bill.

Owners, leaseholders or occupiers of business properties who think that their rateable value is wrong can appeal to:
The Valuation Office Agency
Non-domestic Rates South East
St Anne's House
2 St Anne's Road
Eastbourne
East Sussex BN21 3LG
Telephone: 0300 050 1501

The national multiplier

The national multiplier is set each year by the government. The multipliers set since 2010 are as follows:

Financial year  Multiplier Small business multiplier
2016/17 49.7 48.4
2015/16 49.3 48.0
2014/15 48.2 47.1
2013/14 47.1 46.2
2012/13 45.8 45
2011/12 43.3 42.6
2010/11 41.4 40.7

Business rates reductions

Information about discounts and reliefs can be found in our business rates leaflet.

You can apply online for Retail Relief , Charity and community amateur sports club relief or if you wish to apply for one of the other reductions email rates@medway.gov.uk.

What is a revaluation?

The VOA regularly reassess and update the rateable values of all business properties usually every five years. This is called a Revaluation.

This is done to maintain fairness in the system by redistributing the total amount payable in business rates, reflecting changes in the property market. Revaluation does not raise extra revenue overall.

How can I find out more?

For more information on the 2017 Revaluation, rateable values, and business rates go to www.gov.uk/voa/revaluation.

You can also estimate your business rates bill, including any small business rate relief the local council may apply.

Business Rates Consultation

Medway Council is reviewing its guidelines for Discretionary Business Rate Relief. These guidelines set out how much discretionary relief charities, community amateur sports clubs and not for profit organisations can receive.

The Council has put forward three options by reading the Cabinet paper on Business rate relief.

Have your say

The consultation is now closed.

The results of this consultation will be analysed and considered by a Special Business Support Overview and Scrutiny committee in early January 2017, before final consideration and approval of the new scheme by Cabinet on 17 January 2017.