How does the rateable value relate to my rates bill?
A. The local authority will calculate your rates bill by multiplying the rateable value by the Uniform Business Rate. In the rate year 2006/2007 the UBR in England is 0.444p (this figure excludes small business rates relief). The rates payable may be different from this basis due to the application of transitional relief. This is a system which phases large changes in rates liability between one rating list and the next, minimising the impact of the revaluation.
