Business rates multipliers

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. The multipliers are set each year by central government for the whole of England.

The 2 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. 

2025-26 business rates multipliers

The chancellor announced in the Autumn Budget 2024 that the government would freeze the small business multiplier at 49.9p with the standard multiplier increasing to 55.5p.

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.

Find out more about changes to multipliers from 1 April 2026.

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

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.

Translate this page with Google translate 

Contact Business Rates