How your bill is worked out
The Valuation Office Agency gives your premises a rateable value. The council multiplies that by the business rates multiplier set each year by government to produce your annual bill, then applies any reliefs. You pay the council, usually in monthly instalments.
Reliefs to check
Small business rate relief can give 100 percent relief on properties with a rateable value below a set threshold, tapering above it. Retail, hospitality and leisure relief schemes may also apply. Check eligibility with Milton Keynes City Council and the gov.uk business rates relief guidance. An accountant can help you claim.