The rateable value figure below has been provided to us by the Valuation Office Agency
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 £53,502
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