Flintshire County Council

Business Rates - How are they calculated?

Each business property is given a rateable value. This is independently assessed by the Valuation Office Agency (opens in new window) and represents the open market rental value of the property as at the valuation date. For the 2010 Rating List this is the 1st April 2008. Because the cost to rent a property often goes up, the Valuation Office Agency look at the rateable values every five years to make any changes that are needed.

The rate bill is calculated by multiplying the rateable value by the rate multiplier. The rate multiplier is set by the Welsh  Government and is reviewed annually. 

Example

Rateable Value £20,000 x Multiplier 0.464 = Rate Bill £9,280.00

For more information, please contact our Business Rates section

Business Rates multipliers    

The national non domestic multiplier is the rate in the pound by which the rateable value is multiplied to produce the annual rate bill for the property. It is set annually by the Welsh Government and except in a revaluation year cannot, by law, rise more than the amount of the increase in the retail price index.

The standard multiplier for each financial year is shown below: