Working out your business rates
About business rates
You will have to pay business rates if you own, lease or occupy a building or part of a building for non-domestic purposes, like a shop or office. Your business rates bill is calculated by us. We will send you a bill for the next tax year in February or March. If the charge changes for any reason, we will send you a revised bill.
How is my bill calculated?
Business rates are calculated by multiplying the rateable value of your property by a national non-domestic rating multiplier which is set by the government.
|Year||Standard multiplier||Small business multiplier|
|2021 to 2022||51.2p||49.9p|
|2020 to 2021||51.2p||49.9p|
|2019 to 2020||50.4p||49.1p|
|2018 to 2019||49.3p||48.0p|
|2017 to 2018||47.9p||46.6p|
The amount you pay may be adjusted depending on transitional arrangements or other reliefs that you may be eligible for.
What is the rateable value?
Each non-domestic property has a rateable value which is normally set by the Valuation Office Agency (VOA).
The Valuation Office Agency website has a full list of all rateable values.
The rateable value of your property is shown on the front of your Business Rates bill. This broadly represents the yearly rent the property could have been let for on the open market on a particular date.
The VOA is required to maintain a local rating list for all properties in Derby and may alter the rateable value if the circumstances of the property change. The ratepayer (and certain others who have an interest in the property) can also appeal against the value shown in the list if they believe it is wrong.
A property's rateable value is an assessment of the annual rent the property would rent for if it were available to let on the open market at a fixed valuation date.
- Until 31 March 2017, the rateable values will be based on a valuation date of 1 April 2008.
- From 1 April 2017, the rateable values will be based on the valuation date of 1 April 2015.
If you think your rateable value is incorrect, you can view your property details on the GOV.UK website.
What is a revaluation?
The Valuation Office Agency 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 about revaluations?
For more information on the 2017 Revaluation, rateable values and business rates, visit the GOV.UK website.
You can get an estimate of your business rates by using the estimator tool on the GOV.UK website. Exact rates will be on your bill.
Information with your business rates bill
Information relating to the gross expenditure of the local authority:
- Financial information booklet 2021/22
- Financial information booklet 2020/21
- Financial information booklet 2019/20
- Financial information booklet 2018/19
Each financial year, the government issues a set of explanatory notes which is sent with your bill:
- Business rates explanatory notes 2021/22
- Business rates explanatory notes 2020/21
- Business rates explanatory notes 2019/20
- Business rates explanatory notes 2018/19
Expanded retail discount and nursery discount for 2021/22
For the 2021/22 financial year, business rates bills include a 100% expanded retail discount or nursery discount.
The 100% discount, for either the expanded retail discount or nursery discount schemes, applies from 1 April 2021 to 30 June 2021 only.
Further discount schemes for both expanded retail discount and nursery discount, will be available from 1 July 2021 to 31 March 2022 when a 66% discount will apply to eligible ratepayers. We will issue a separate bill for the further expanded retail discount or nursery discount scheme at a later date confirming this.
You can choose to refuse the expanded retail discount or the nursery discount for the hereditament to which the bill refers to. If you would like to refuse the discount, please email email@example.com and enter 'Refusal of Discount 21/22' in the email subject title. We will then issue a revised bill that does not include expanded retail discount or nursery discount, as appropriate.