Business rates calculator
Your rateable value multiplied by the right multiplier, less small business rate relief if you qualify. Find your rateable value on the gov.uk valuation service.
How this is calculated
The bill is the rateable value times a multiplier. In 2026/27 the multiplier depends on the rateable value band and, below £500,000, on whether you are a retail, hospitality or leisure business.
Below £51,000 of rateable value the multiplier is 43.2p, or 38.2p for retail, hospitality and leisure. From £51,000 to £499,999 it is 48p, or 43p. From £500,000 it is 50.8p.
Small business rate relief removes the whole bill for a single property with a rateable value of £12,000 or less, tapering to nothing at £15,000.
Transitional relief and other reliefs are applied by your council and are not included.
Rates used · 2026/27
| Under £51,000 | 43.2p, or 38.2p retail, hospitality and leisure |
| £51,000 to £499,999 | 48p, or 43p retail, hospitality and leisure |
| £500,000 and over | 50.8p |
| Small business rate relief | 100% to £12,000, tapering to £15,000 |
Last checked July 2026. Source: HMRC and gov.uk.
Worked example
A rateable value of £20,000 at the 43.2p multiplier gives a bill of £8,640 a year. At £13,500, a business with only that property gets 50% small business rate relief, bringing a £5,832 bill down to £2,916.
Common questions
Where do I find my rateable value?
On the gov.uk business rates valuation service, run by the Valuation Office Agency. You can also challenge it there if you think it is wrong.
What changed in 2026?
A revaluation took effect on 1 April 2026, and retail, hospitality and leisure properties under £500,000 moved onto lower multipliers in place of the previous relief.
I have a second property. Do I lose the relief?
You may keep it on the main property if the other properties are small enough, and there is a grace period after taking on a new one. Your council decides.
Does this apply in Wales or Scotland?
No. Wales, Scotland and Northern Ireland, and the City of London, set their own multipliers and reliefs.