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 £18,000 (up to 31 March 2017) or £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.
2019 - 2020 Business Rates multipliers
2019-2020 Business Rates multipliers
|1 April - 31 March ||Standard || Small Business|
| 2019 - 2020
2020 - 2021 Draft Business Rates multipliers
2020-2021 draft Business Rates multipliers
|1 April - 31 March ||Standard ||Small Business|
| 2020 - 2021
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.
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 March||Standard ||Small Business |
|2018 - 2019
|2017 - 2018
|2016 - 2017
|2015 - 2016
|2014 - 2015
|2013 - 2014
|2012 - 2013
|2011 - 2012
|2010 - 2011
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.