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Business Rates Section
PO Box 224
Hereford
HR1 2XW
Office Tel No: 01432 260373
Fax No: 01432 260484
Email: businessrates@herefordshire.gov.uk
PO Box 224
Hereford
HR1 2XW
Office Tel No: 01432 260373
Fax No: 01432 260484
Email: businessrates@herefordshire.gov.uk
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Business rates - multiplier
To calculate a business rates bill, the rateable value is multiplied by the national multiplier. This is set by Central Government each year.For the financial year 2011/12 it is £0.433 pence in the pound.
Therefore, if your rateable value is £20,000 your business rates bill would be £8,660.
Small business rate relief multiplier
Small businesses whose rateable value is less than £18,000 and who qualify for small business rate relief are charged rates using a lower multiplier.
For 2011/12 the lower multiplier is £0.426 pence in the pound.
Therefore, if you qualify for small business rate relief and your rateable value is £12,000, your rates bill would be £5,112.