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​​​​​​Your Business Rates Bill

Your Business Rates - Explanatory Notes​​.

Gloucester City Council, Gloucestershire Council County and Gloucestershire Police Commissioner Financial Information

Your bill is calculated by multiplying the rateable value of your property by the business rates multiplier.

The Business Rates financial year runs from 01 April to 31 March. You will be sent a bill at the beginning of each financial year. You will automatically be given 10 monthly instalments (April to January) in which to pay the annual charge. However, if you wish your payments to be spread over 12 months, please contact us.

Your bill shows you how much you need to pay and when each instalment is due. There are several ways to make payments.

If your circumstances change, please let us know immediately, so that an adjusted bill can be issued.

Business Rates Multiplier

There are two multipliers set by the Government each year. Normally each year the multiplier will only change by inflation. However where a revaluation occurs, the multiplier will also be adjusted to take into account the change in total rateable value between the old and the new Valuation List.

For 2017/18, the Standard Multiplier is 47.9p and the Small Business Multiplier is 46.6p.

The Small Business Multiplier is used where a property:

  • is occupied, and
  • has a rateable value of less than £51,000, and
  • is not in receipt of a Mandatory Relief

If the above three criteria are not met, the Standard Multiplier will be used to calculate your bill.

Rateable Value

Each business property has a rateable value which is set by the valuation officers of the Valuation Office Agency (VOA), an agency of HM Revenue & Customs.  The rateable value broadly represents the yearly rent the property could have been let for on the open market on a particular date.

The rateable value of your property will be shown on the front of your bill. You can also check your rateable value online at www.gov.uk/government/organisations/valuation-office-agency

Appealing Against Your Rateable Value

You can appeal against the valuation, but only if your rateable value is incorrect. This would be due to a material change in the property's circumstances:

  • a change in its physical state of use
  • a physical change in the locality
  • a change in the use of a neighbouring property

To make an appeal, please contact the Valuation Office Advice Line on 03000 501 501.

Legally, rates are payable even if an appeal is underway. Any rates overpaid will be refunded and credited with interest where appropriate.

Rating Advisers

Ratepayers do not have to be represented in discussions about their rateable value or their rates bill. Appeals against rateable values can be made free of charge.

However, ratepayers who do wish to be represented should be aware that members of the Royal Institution of Chartered Surveyors (RICS) and the Institute of Revenues Rating and Valuation (IRRV) are qualified and are regulated by rules of professional conduct designed to protect the public from misconduct.

Before you employ a rating adviser, you should check that they have the necessary knowledge and expertise, as well as appropriate indemnity insurance. Take great care and, if necessary, seek further advice before entering into any contract.

Revaluation 2017

All rateable values are reassessed at a general revaluation. The 2017 revaluation takes effect from 1st April 2017. Revaluations make sure each ratepayer pays their fair contribution and no more, by ensuring that the share of the national rates bill paid by any one ratepayer reflects changes over time in the value of their property relative to others. Revaluation does not raise extra money for the Government.

Further information about the 2017 revaluation can be found at www.gov.uk/introdution-to-business-rates/revaluation

Transitional Arrangements

Property values normally change a good deal between each revaluation. Transitional arrangements help to phase in the effects of these changes by limiting the amount by which a bill may rise following a revaluation. To help pay for the limits on increases in bills after revaluation, there also have to be limits on reductions in bills.​

Under the transitional scheme, limits (value of x) ​continue to apply to yearly increases and decreases until the full amount is due (rateable value time multiplier).

​Property Size​2017/182018/192019/202020/212021/22
​​Upwards CapSmall105107.5110115115
Medium112.5117.5120125125
​​​Large142132149116106
Downwards ​Cap​Small8070654545
Medium9085807575
Large95.995.494.194.295.2

The Inflation Element for 2017/18 is 1.02 (Value of Q)

Small property - rateable value £1 to £20,000
Medium property - rateable value £20,001 to £100,000
Large property - rateable value £101,000 and above

The scheme applies only to the bill based on a property at the time of the revaluation. If there are any changes to the property after 1st April 2017, transitional arrangements will not normally apply. Changes to your bill as a result of other reasons (such as changes to your Small Business Rate Relief) are not covered by the transitional arrangements.

Transitional arrangements are applied automatically and are shown on the front of your bill.​

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