Your Business Rates bill explained

Your Business Rates bill explained

What is the rateable value?

The Rateable Value (shown as RV) is entered on the left hand side of the rate bill almost half way down, under the property description. The figure next to the letters RV is the rateable value for the property for which the demand is issued.
The annual charge payable is worked out by multiplying the rateable value by the national rate poundage.

Why has my bill changed?

The top right hand corner of the bill under the Account Number states the reason for demand. This may be a valuation amendment, new account, or other stated reason and should explain why a bill has been produced. For further information please contact the non-domestic rate section.

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