Business Rates
Business Rates are a form of local taxation payable by the occupiers or owners of commercial properties such as shops, offices, pubs, warehouses and factories.
They are collected by the Council on behalf of the Welsh Government. The money collected is paid into a central 'pool' and then redistributed across Wales to help pay for services provided by all the local authorities.
There are other commercial interests that Business Rates are payable for such as telecommunication masts, advertising rights, cash machines and car parks etc.
What is the National Non Domestic Rating Multiplier?
From 1 April 2026 Welsh Government introduced a three multiplier scheme which may apply to a property in Wales, these are:
- a retail multiplier of 0.350, applicable to small to medium sized retail shops with a rateable value below £51,000;
- a standard multiplier of 0.502, applicable to most other properties; and
- a higher multiplier of 0.515, applicable to properties with a rateable value above £100,000.
How are my business rates calculated?
Business rates are calculated by taking the Rateable Value (RV) of your property, and multiplying it by the current non domestic rates 'multiplier' (or 'poundage').
For Example:
Rateable value £20,000 x Multiplier 0.502 = Annual rate bill £10,040
This is the gross liability, but you may be entitled to certain Reliefs.