The local authority works out the business rates bill by multiplying the rateable value of the property by the appropriate multiplier. There are two multipliers:
Shown below are the multipliers from 2010 to 2024:
| Financial year | Standard multiplier | Small business multiplier |
|---|---|---|
| 2023 to 2024 | 51.2p | 49.9p |
| 2022 to 2023 | 51.2p | 49.9p |
| 2021 to 2022 | 51.2p | 49.9p |
| 2020 to 2021 | 51.2p | 49.9p |
| 2019 to 2020 | 50.4p | 49.1p |
| 2018 to 2019 | 49.3p | 48.0p |
| 2017 to 2018 | 47.9p | 46.6p |
| 2016 to 2017 | 49.7p | 48.4p |
| 2015 to 2016 | 49.3p | 48.0p |
| 2014 to 2015 | 48.2p | 47.1p |
| 2013 to 2014 | 47.1p | 46.2p |
| 2012 to 2013 | 45.8p | 45.0p |
| 2011 to 2012 | 43.3p | 42.6p |
| 2010 to 2011 | 41.4p | 40.7p |
This page was last updated on 28 February 2023