All about business rates
What is the National Non-Domestic Rating Multiplier?
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.
The multipliers for each financial year from 2005/06 are as follows:
If the ratepayer qualifies for Small Business Rates Relief they will pay on the following multiplier:
Please note that the multiplier is normally increased by inflation each year. However the Chancellor in his 2013 Autumn Statement reduced the increase in the 2014/15 multipliers to 2% rather than the inflation figure of 3.2%.
Last updated Wednesday, 18th March 2020