Business Rates multiplier

We work out the amount of Business Rates payable by multiplying the rateable value (RV) of each property by one of two Business Rates multiplier figures (also called the Non-Domestic Rating Multipliers or 'poundage'). The multipliers are set each year by central government for the whole of England.

The two different multiplier figures are the small business multiplier and the standard multiplier.

The small business multiplier

From 1 April 2024 the small business multiplier is for all properties where the rateable value is less than £51,000.

The standard multiplier

From 1 April 2024 the standard multiplier is for all properties where the rateable value is £51,000 or over. 

2024-25 Business Rates multipliers

The Chancellor announced in the Autumn Budget 2023 that the government would freeze the small business multiplier at 49.9p while uprating the standard multiplier by CPI inflation.

2024-25 Business Rates multipliers
1 April - 31 March Standard Small

2024 - 2025



Future Business Rates multipliers

The multipliers normally change every year in line with inflation. By law, they can't go up by more than the rate of inflation, except in the year of a revaluation.

Previous years' Business Rates multipliers

Prior to 1 April 2024 the standard multiplier was used for all empty properties and where the ratepayer was in receipt of mandatory rate relief

Previous Years Non-Domestic Rating Multipliers
1 April - 31 MarchStandard Small Business 
2023 - 2024 51.2p 49.9p
2022 - 2023 51.2p 49.9p
2021 - 2022 51.2p 49.9p
2020 - 2021 51.2p 49.9p 
2019 - 2020 50.4p 49.1p
2018 - 2019 49.3p 48.0p
2017 - 2018 47.9p 46.6p

Multipliers and revaluation

When there is a revaluation, the multiplier is set at a level which keeps the total amount raised in rates the same as before, plus inflation for that year. Following revaluation, businesses facing a large increase or decrease come under transitional arrangements.

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Contact Business Rates

Contact us

Customer Service Business Rates Team available for telephone enquiries:
Monday - Friday, 9:00 - 13:00

0300 123 5013

Revenues Service
Cheshire East Council
PO Box 622


Page last reviewed: 23 February 2024