Rating multipliers
The government sets business rate multipliers for each financial year for the whole of England according to formulae set by legislation. This does not apply in revaluation years when the multiplier will be adjusted to reflect changes in the overall total of rateable values for England.
For 2024/25 the two multipliers are as follows:
-
the standard non-domestic rating multiplier is 54.6p
-
the small business non-domestic rating multiplier is 49.9p
For 2025/26 the two multipliers will be as follows:
-
the standard non-domestic rating multiplier is 55.5p
-
the small business non-domestic rating multiplier is 49.9p
The former is higher to pay for small business rate relief. We calculate the business rates bill by multiplying the rateable value of the property by the appropriate multiplier.
Ratepayers who occupy a property with a rateable value which does not exceed £50,999 (and who are not entitled to certain other mandatory relief(s) or are liable for unoccupied property rates) will have their bills calculated using the lower small business non-domestic rate multiplier, rather than the national non-domestic rating multiplier. The multiplier for a financial year is based on the previous year's multiplier adjusted to reflect the Consumer Price Index (CPI) inflation figure for the September prior to the billing year.
The current multipliers are shown on the front of your bill.
We always look for ways to improve our website. Share your feedback on how we can improve the information or structure of this web page.
To get in touch about a service we provide, use our contact us form
Did you find this page useful?
Get in touch about Business Rates
The quickest way to contact us is by using our online forms which are available 24 hours a day, 7 days a week. If you need to speak to us give us a call during office hours and talk to our Customer Services team who will be happy to help.