Calculations

This is calculated from the current Rateable Value (RV) multiplied by the Uniform Business Rate (UBR) for the year. If no Rateable Value has been added for the year, the next previous Rateable Value (based on the effective date) will be used in the calculation.

RV x UBR = NCA

This is calculated if the Subject to Transition it checked against the Rateable Value.

Rateable Value (RV) = the latest RV with the Subject to Transition checked

Uniform Business Rate (UBR) for the financial year

NCA = RV x UBR

Calculated Base Liability (BL) = The RV for the Business Rate from the last day of the previous financial year x UBR for the same financial year (If there is no RV in any of the previous years, or this is the first Business Rate Year, this value will be 0.00)

example – RV @ 31/03/2017 = 100,000 * UBR for 2016/2017 financial Year 0.484

£48,400 = 100,000 x 0.484

This is calculated if the Subject to Transition is NOT ticked against the Rateable Value. If there isn’t a value without ST, then this will not be calculated.

Rateable Value (RV) = the current RV where the Subject to Transition is not ticked

Uniform Business Rate (UBR) for the financial year

NCA = RV x UBR

Calculated Base Liability (BL) = NCA

This figure is calculated by first determining if the Business Rate is a small, medium or large increase or decrease. It will then be the factor (100 + or – the small/medium/large percentage) x the inflation rate / 100.

The Business Rate is treated as small, medium, or large based on the value of the NCA against the Small and Medium Rateable Boundary. If it is less or the same as the small value, it is treated as small. If it is less or the same as medium, it is treated as medium. If it is greater than the medium value, it is treated as large. The Business Rate is treated as an increase if the NCA is greater than the Base Liability, and, a decrease if the Base Liability is greater than the NCA.

This figure is calculated by multiplying the Supplement Rate (from reference data) by the RV. This is only calculated if the Rateable Value exceeds the Medium Rateable Value Boundary defined in Business Rate reference data.

This figure is calculated by adding the Supplement or Overridden Supplement and the Total Notional Chargeable Amount.

This figure is calculated by first defining the Transitional Limit, which is the Base Liability x the Appropriate Fraction, - the Subject to Transition Notional Chargeable Amount.

This figure is calculated by adding the Sub Total and the Transitional Adjustment.

This figure is calculated by multiplying the Total Annual Liability against the number of Relief days divided by 365 or 366 depending on the days of the year.

This is calculated by first defining the Pro-Rata Liability, which is the Total Annual Liability x the number of liable days (this is based on the Rate Responsibility type - Vacant) / 365 or 366, minus the Relief and the Discretionary Relief.