What are Business Rates?
What are Business Rates?
Business Rates, also known as National non-domestic rates, are a tax on properties not used for domestic purposes such as shops, factories, and offices. They are collected by us on behalf of Central Government.
View more information on business rates
How are Business Rates calculated?
Each commercial property is issued a rateable value (RV) set by the Valuation Office Agency (VOA) which is multiplied by the national multiplier.
The national multiplier is the number of pence in the pound of the rateable value that will be payable in business rates before any relief or discounts are applied.
New Multipliers (from April 2026)
|
Category |
Rateable Value (RV) |
Multiplier |
|
Small Business RHL |
Below £51,000 |
38.2p |
|
Small Business (Non-RHL) |
Below £51,000 |
43.2p |
|
Standard RHL |
£51,000 – £499,999 |
43.0p |
|
Standard (Non-RHL) |
£51,000 – £499,999 |
48.0p |
|
Large (All Properties) |
£500,000 and above |
50.8p |
Multipliers shown in pence per pound of rateable value (RV).
Find more information on business rate calculations or estimate your business rates.
Please note your property does not have to be occupied to be billed each year.
If you have any questions
Please contact us quoting your reference number by:
- email: business.rates@redbridge.gov.uk
- write to London Borough of Redbridge, Revenues, Benefits and Transactional Centre, 6th Floor, Lynton House, 255-259 High Road, Ilford Essex IG1 1NN
