Guide

Business rates: the basics

How business rates are calculated

Rates assistance for businesses impacted by COVID-19

The Finance Minister has announced a further £213 million of business rates support in addition to the emergency £100 million rates package to assist businesses impacted by COVID-19. Find out more about COVID-19: Emergency rates package for businesses.

Your rate bill is made up of a number of parts including the regional rate, the district rate and Net Annual Value (NAV). Your rate bill is calculated by multiplying the NAV of your property by the non-domestic rate poundage (non-domestic regional rate + non-domestic district rate) for your council area for the relevant year (as shown below):

Regional and district rates

The regional rate is set annually by the Northern Ireland Executive and is applied to each district council area in Northern Ireland. The district rate is set annually by each district council in Northern Ireland.

Find the the 2019-20 non-domestic rate poundages for your council area.

Net Annual Value

Rates for non-domestic or business properties are assessed on their rental value, also known as the Net Annual Value (NAV). NAV is an assessment of the annual rental value that your property could reasonably be expected to be let for if it was on the open market. Each non-domestic property is valued in line with comparable properties in the vicinity.

The current valuation list for non-domestic properties came into operation on 1 April 2020 and is based on rental values as at 1 April 2018.

Search Non-Domestic Net Annual Values for your business premises.

Land & Property Services (LPS) has completed a revaluation of all business properties in Northern Ireland. The current valuation list for non-domestic properties came into operation on 1 April 2020 and is based on rental values as at 1 April 2018.

The short video below explains the revaluing process, known as Reval2020, and how LPS calculate business rates.

Rates calculator

You can estimate your rate bill by inputting the NAV for your business property into the Land & Property Services' rates calculator.

If you have a query regarding business rates you should contact Land & Property Services.

Please note: Most LPS services are available, but LPS Customer Information Centres remain closed until further notice. The Ordnance Survey helpline remains closed until further notice, however queries can be directed to Mapping.Helpdesk@finance-ni.gov.uk. Helplines for rating and valuation, housing benefit, rates relief and land registration are open.

Closures will be kept under regular review in line with further Government announcements. Further information on service updates, helpline numbers and reaching LPS by email are available on the LPS website.