Business rates

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2019/20 Business rate multipliers

Small business rate multiplier: 49.1 pence in the pound.

Standard rate multiplier:  50.4 pence in the pound.

Crossrail business rate supplement (BRS) - 2019/20

For properties with a rateable value of more than £70,000, the GLA has levied a business rate supplement of 2p per pound of rateable value to contribute towards the cost of Crossrail. For more information visit,  paying for Crossrail: business rate supplement.

Rating advisers

Ratepayers do not have to be represented in discussions about their rateable value, their rates bill or applying for discounts/reliefs. 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. 

Want to know more?

For more information visit the business rates section on GOV.UK or contact us about business rates.

View rateable values on the GOV.UK website.

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