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  2. To calculate non-domestic rates, you need to12:
    1. Multiply the rateable value of a property by a tax rate based on the property value.
    2. Subtract reliefs (discounts).
    3. Subtract or add any other adjustments or payments you've already made.
    The rateable value of a non-domestic property is set by the Valuation Office Agency (VOA)2.
    Learn more:

    Non-domestic rates are calculated by:

    • Multiplying the rateable value of a property by a tax rate based on the property value.
    • Subtracting reliefs (discounts).
    • Subtracting or adding any other adjustments or payments you've already made.
    www.mygov.scot/non-domestic-rates-guidance/ho…
    We calculate your business rate bill by multiplying the rateable value by the annual multiplier (rate in the pound) set by the government each year. Rateable value Each non-domestic property has a rateable value, as shown on the front of your bill. The Valuation Office Agency (VOA) are responsible for setting rateable values.
    www.southwark.gov.uk/business/business-rates/ho…
     
  3. People also ask
    How is rateable value calculated?It is assessed by the Valuation Office Agency (VOA) and is based on various factors such as location, size, and property type. Once the rateable value is determined, it is multiplied by the UBR set by the government to calculate the final business rates bill. The rateable value is a fundamental component in the calculation of business rates.
    How do I find my property's rateable value?Use our find a business rates valuation service to find your property’s rateable value, compare it with similar properties and check how it was calculated. If you want to report a change to your property or challenge its rateable value, you can do this through your business rates valuation account.
    How does the Valuation Office calculate a rateable value?The Valuation Office Agency’s (VOA) calculates a rateable value for each business property in England and Wales. A rateable value is an estimate of what it would cost to rent a property for a year, on a set valuation date. The property is assumed to be: It is also assumed that the tenant pays for the business rates, repairs and insurance.
    What is the rateable value of a property?The rateable value, or property’s value, is based on the open market value from 2015. These are estimates from the Valuation Office Agency. You can check the RV of your property on the UK Government Website or on your most recent business rates bill. The rateable value isn’t the same as the rent you pay for the property.
     
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