The rateable value figure below has been provided to us by the Valuation Office Agency
RV £100,000
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 (2022/23) is 51.4p/£.
Discounts and reliefs are available for qualifying small businesses occupying properties with rateable values below £15,000, reducing liabilities to £zero for properties with RVs below £12,000
Subject to eligibility for all available reliefs, we estimate that in the current financial year,
Rates payable are £49,000
Further information on this matter is available at Business Link