Information on Business Rates

Non-Domestic Rates (business rates) calculation

Calculation

  • Business Rates = Rateable value x Appropriate Multiplier for property
  • Less transitional phasing – this is automatically applied where applicable 
  • Calculated on a daily basis.
  • Discounts and exemptions can be found on our website

 

Rateable Value

You will find the rateable value on the front of your Business Rates bill/demand.

  • Assessment by the VOA: The Valuation Office Agency (VOA) assesses the rateable value of non-domestic properties and publishes these on their website. This value stands for the yearly rent on the open market at a specified date.
  • Maintenance: The VOA keeps and updates the listing. They may alter the value if the property circumstances change.
  • Revaluation: The VOA periodically revalue properties to reflect changes in the property market. The next revaluation is scheduled for April 2026.
  • Appeals: Property owners can appeal the rateable value if they believe it is incorrect.

Information on how to appeal is available on the VOA website or from local valuation offices.  

 

Multipliers

  • Set annually by the government
  • Current and recent years are shown below

1 April to 31 March

Standard multiplier

 (£)

Small Business multiplier

(£)

2025 to 2026

0.555

0.499

2024 to 2025

0.546

0.499

2023 to 2024

0.512

0.499

2022 to 2023

0.512

0.499

2021 to 2022

0.512

0.499

2020 to 2021

0.512

0.499

2019 to 2020

0.504

0.491

 

Contact business rates team:

Email: revenues@lincoln.gov.uk

Post:    PO Box 1257, Lincoln, LN5 5PQ

Phone: 01522 873342

Business Rates Bills Explanatory Notes 2025 to 2026

Download

Contact us - Business Rates

For all Business rates enquiries contact our team at the City of Lincoln Council

Address: City Hall Beaumont Fee, Lincoln LN1 1DD