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:
- of 0.350, applicable to small to medium sized retail shops with a rateable value below 拢51,000;
- of 0.502, applicable to most other properties; and
- of 0.515, applicable to properties with a rateable value above 拢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 拢20,000 x Multiplier 0.502 = Annual rate bill 拢10,040
This is the gross liability, but you may be entitled to certain Reliefs.