Business rates calculation

Business rates are an annual, local tax. Ratepayers and owners of all non-domestic and business properties pay business rates, and examples of liable properties include shops, offices, pubs, warehouses and factories.

Some properties have both domestic and non-domestic purposes. One example is a pub with a flat above. In those cases, business rates are payable on the non-domestic part, and council tax is payable on the domestic part. Such a site is termed a composite property.

The Valuation Office Agency (VOA) sets the rateable value of each business premises.

Various criteria are used such as the property’s rental value on 1 April 2021, and the Welsh Government sets a multiplier annually. Both figures determine the rates payable.

The multiplier for 2024/25 is 0.562.

Bridgend County Borough Council collects business rates for Welsh Government. The rates are redistributed to Welsh local authorities to pay for services.