Rates Calculated
The rateable value of your property is not the amount you pay in
business rates, but it is the basis for the calculation of your
business rates bill. The rates due from any property 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. For 2008/09, the
small business multiplier, applicable to those businesses eligible
for Small Business Rate Relief, is set at 45.8p. The standard
multiplier, which includes the supplement to pay for Small Business
Rate Relief, is set at 46.2p.
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 £)
This webpage was updated on 3/31/2008