Guide

Business rates guidance

Last updated: 7 June 2017

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 2017-18, the standard poundage is 46.6 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.

If you make any improvements to your property, this may increase your rateable value and the amount you pay in rates.

Large Business Supplement

In 2017-18, 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. The rateable value of your property may have risen, fallen, or remained the same depending on local circumstances.

All property values are assessed at the same point in time - the tone date - which for the 2017 revaluation was 1 April 2015.

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.

Business rates guidance
How your rates are calculated