Guide

Business rates guidance

Last updated: 1 May 2018

How your rates are calculated

Business rates are worked out using the rateable value set by your local assessor and the 'poundage rate' (pence in the pound) set by the Scottish Government.

In 2018-19, the standard poundage is 48 pence.

The rateable value of a property is generally based on its estimated open market rental value on a specific date.

You may pay lower rates if you're eligible for business rates relief.

Making improvements to your property

If you make any improvements to your property, this will normally increase your rateable value and the amount you pay in rates. However, from 1 April 2018 your rates won't increase until 12 months after you made the improvement.

Large Business Supplement

In 2018-19, all properties with a rateable value over £51,000 will have a 2.6 pence supplement added to the poundage.

Revaluation 2017

Rateable values are reviewed regularly to reflect changes in the property market - this is called a 'revaluation'. It's done by the Scottish Assessors Association.

The most recent revaluation in Scotland took effect on 1 April 2017. All property values are assessed at the same point in time - the tone date - which for the 2017 revaluation was 1 April 2015.

This revaluation may have shown that the rateable value of your property had risen, fallen, or remained the same (depending on local circumstances).

Revaluations (rateable values) for each property are available at www.saa.gov.uk.

Revaluation notices were sent to properties in March 2017 and took effect from 1 April 2017. Some notices might be sent later.

The next revaluation in Scotland will take place in 2022. After 2022, it will happen every 3 years.

Business rates guidance
How your rates are calculated