The rateable value figure below has been provided to us by the Valuation Office Agency
RV £12,500
Please note, the RV is NOT the actual rates payable. Rates payable are calculated by reference to the National Non-Domestic Rating (NNDR) multiplier which is set annually by Central Government. The current NNDR (2013/14) is 47.1p/£. Discounts and reliefs are available for qualifying small businesses occupying properties with rateable values below £18,000.
Subject to eligibility for all available reliefs, we estimate that in the current financial year,
Rates payable are £5,775
Please note, this figure does not reflect the additional temporary relief that is available to small businesses until 31st March 2014. For properties with rateable values below £6,000, this may reduce the rates liability to as little as zero.
Further information on this matter is available at Business Link