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:
| Financial Year | Multiplier |
| 2005/06 | 42.2p |
| 2006/07 | 43.3p |
| 2007/08 | 44.4p |
| 2008/09 | 46.2p |
| 2009/10 | 48.5p |
| 2010/11 | 41.4p |
| 2011/12 | 43.3p |
| 2012/13 | 45.8p |
| 2013/14 | 47.1p |
| 2014/15 | 48.2p |
| 2015/16 | 49.3p |
| 2016//17 | 49.7p |
| 2017/18 | 47.9p |
| 2018/19 | 49.3p |
| 2019/20 | 50.4p |
| 2020/21 | 51.2p |
If the ratepayer qualifies for Small Business Rates Relief they will pay on the following multiplier:
| Financial Year | Multiplier |
| 2005/06 | 41.5p |
| 2006/07 | 42.6p |
| 2007/08 | 44.1p |
| 2008/09 | 45.8p |
| 2009/10 | 48.1p |
| 2010/11 | 40.7p |
| 2011/12 | 42.6p |
| 2012/13 | 45.0p |
| 2013/14 | 46.2p |
| 2014/15 | 47.1p |
| 2015/16 | 48.0p |
| 2016/17 | 48.4p |
| 2017/18 | 46.6p |
| 2018/19 | 48.0p |
| 2019/20 | 49.1p |
| 2020/21 | 49.9p |
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
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