About Business Rates

The national non-domestic rating multiplier is the rate in the pound that is then multiplied by the rateable value of a property to produce the annual rates bill. It is set each year by the Government and cannot rise by more than the increase in the retail prices index, except in a revaluation year.

From 2026/27, there are five multipliers as listed below: 

Ratepayers who occupy a property with a rateable value which does not exceed £50,999 will have their bills calculated using the lower small business non-domestic multiplier rather than the standard non-domestic rating multiplier.  

Ratepayers who occupy qualifying retail, hospitality & leisure properties will have their bills calculated using the relevant retail, hospitality & leisure properties dependent on the rateable value and a high-value multiplier for properties with rateable values of £500k and above.  The current multiplier applicable to your business is shown on your 2026/27 bill. 

The multipliers for each financial year from 2010/11 to 2025/26 are as follows:

If the ratepayer occupies a hereditament with a rateable value of less than £51,000, they will pay on the following multiplier up to 2025/26.