We work out the amount of Business Rates payable by multiplying the rateable value of your property by the multiplier or 'poundage' which the Government sets each year for the whole of England.
The Government normally changes the multiplier every year to move in line with inflation. By law, the multiplier cannot go up by more than the rate of inflation, except in the year of a revaluation when it is set at a level which will keep the total amount raised in rates after the revaluation the same as before, plus inflation for that year.
From 2005/2006 there are two multipliers -the standard non-domestic rating multiplier of 0.422p and the small business non-domestic rating multiplier of 0.415p.
For the 2006/2007 financial year the standard non-domestic rating multiplier is 0.433p and the small business non-domestic rating multiplier is 0.426p.
For the 2007/2008 financial year the standard non-domestic rating multiplier is 0.444p and the small business non-domestic rating multiplier is 0.441p.
For the 2008/2009 financial year the standard non-domestic rating multiplier is 0.462p and the small business non-domestic rating multiplier is 0.458p.
For the 2009/2010 financial year the standard non-domestic rating multiplier is 0.485p and the small business non-domestic rating multiplier is 0.481p.
For the 2010/2011 financial year the standard non-domestic rating mulitplier is 0.414 and the small business non-domestic rating multiplier is 0.407p.