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

The small business rate multiplier is a lower figure. It's used for occupied properties where either of the following apply:

1. You are in receipt of small business rate relief

2. You are not in receipt of mandatory relief and the property has a rateable value less than £51,000 (from 1 April 2017).

The standard multiplier

The standard multiplier is for all properties where the small business multiplier doesn't apply. This includes all empty properties. 

2021-22 Business Rates multipliers

In the Spending Review published on 25 November 2020, the Government has announced it will freeze the business rates multiplier in 2021-22.

2021-22 Business Rates multipliers
1 April - 31 March Standard Small


51.2p 49.9p 

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.

2022-23 Business Rates multipliers

The Chancellor announced in the Budget on 27 October 2021 that the multiplier for 2022-23 will be frozen.

2022-23 Business Rates multipliers
1 April - 31 March Standard Small


51.2p 49.9p 


In the Autumn Budget 2017, the government confirmed that it would bring forward the planned switch in the indexation of business rates from RPI to the main measure of inflation (currently CPI) by two years to April 2018.  This was applied to bills from 1 April 2018.

Previous years' Business Rates multipliers

Previous Years Non-Domestic Rating Multipliers
1 April - 31 MarchStandard Small Business 
2020 - 2021 51.2p 49.9p 
2019 - 2020 50.4p 49.1p
2018 - 2019 49.3p 48.0p
2017 - 2018 47.9p 46.6p
2016 - 2017 49.7p 48.4p
2015 - 2016 49.3p 48.0p
2014 - 2015 48.2p 47.1p
2013 - 2014 47.1p 46.2p
2012 - 2013 45.8p 45.0p
2011 - 2012 43.3p 42.6p
2010 - 2011 41.4p 40.7p

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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Page last reviewed: 09 December 2021