How Business Rates Are Calculated

The rateable value of your property is not the amount you pay in business rates. It is the basis for how your bill is calculated.

Your rates are calculated by multiplying your rateable value by a factor set by central government each year; this is known as the multiplier. The amount you pay would normally increase in line with the movement in the annual retail price index.

Rate poundage

From 1 April 2005, there are two multipliers.

The national non-domestic multipliers since 1 April 1990 are as follows:

• 1990/91 34.8p in the £.
• 1991/92 38.6p in the £.
• 1992/93 40.2p in the £.
• 1993/94 41.6p in the £.
• 1994/95 42.3p in the £.
• 1995/96 43.2p in the £.
• 1996/97 44.9p in the £.
• 1997/98 45.8p in the £.
• 1998/99 47.4p in the £.
• 1999/00 48.9p in the £.
• 2000/01 41.6p in the £.
• 2001/02 43.0p in the £.
• 2002/03 43.7p in the £.
• 2003/04 44.4p in the £.
• 2004/05 45.6p in the £.
• 2005/06 42.2p in the £ (small business rate multiplier 41.5p in the £).
• 2006/07 43.3p in the £ (small business rate multiplier 42.6p in the £).
• 2007/08 44.4p in the £ (small business rate multiplier 44.1p in the £).
• 2008/09 46.2p in the £ (small business rate multiplier 45.8p in the £).
• 2009/10 48.5p in the £ (small business rate multiplier 48.1p in the £).
• 2010/11 41.4p in the £ (small business rate multiplier 40.7p in the £).
• 2011/12 43.3p in the £ (small business rate multiplier 42.6p in the £).
• 2012/13 45.8p in the £ (small business rate multiplier 45.0p in the £).
• 2013/14 47.1p in the £ (small business rate multiplier 46.2p in the £).
• 2014/15 48.2p in the £ (small business rate multiplier 47.1p in the £).
• 2015/16 49.3p in the £ (small business rate multiplier 48.0p in the £).
• 2016/17 49.7p in the £ (small business rate multiplier 48.4p in the £).
• 2017/18 47.9p in the £ (small business rate multiplier 46.6p in the £).
• 2018/19 49.3p in the £ (small business rate multiplier 48.0p in the £).
• 2019/20 50.4p in the £ (small business rate multiplier 49.1p in the £).
• 2020/21 51.2p in the £ (small business rate multiplier 49.9p in the £).
• 2021/22 51.2p in the £ (small business rate multiplier 49.9p in the £).
• 2022/23 51.2p in the £ (small business rate multiplier 49.9p in the £).
• 2023/24 51.2p in the £ (small business rate multiplier 49.9p in the £).
• 2024/25 54.6p in the £ (small business rate multiplier 49.9p in the £).

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