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Traffic Regulation Order proposals in Eastbourne

We are currently consulting on the traffic regulation orders in Eastbourne and welcome your feedback.

How are business rates calculated

Your annual Business Rates bill is calculated and collected by us.

We multiply the rateable value of an individual property, which is determined by the Valuation Office Agency by a multiplier (the national non-domestic multiplier) set by central government. This is effective from 1st April each year. The multiplier represents the number of pence in each pound of the rateable value that is payable in Business Rates before any discounts or relief are applied.

The government reviews the multiplier each year to reflect changes in inflation. By law, the multiplier cannot increase or decrease by more than the rate of inflation, except in the year of revaluation. In that year it is set at a level which will keep the total amount raised in rates after the revaluation the same as before, plus inflation for that year. There is normally a revaluation every five years. The last revaluation was on 1st April 2015 and effective from 1st April 2017.

Business Rates multipliers for the financial year 2022/23
RateMultiplier
Standard rate51.2p in the £
Small business rate49.9p in the £

 

Business Rates multipliers for the financial year 2021/22
RateMultiplier
Standard rate51.2p in £
Small business rate49.9p in the £

 

Transitional rate relief

For more information on Transitional Rate Relief, visit transitional relief on the Gov.uk website.

Estimate your bill

You can estimate your business rates bill using the Gov.uk Business Rates Calculator. Any figures that the estimator provides are only estimates. Your exact liability will be on your business rates bill.

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Last modified on 29 November 2023