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- ⁄ National Non-Domestic Rating Multiplier
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; the standard non-domestic rating multiplier and the small business non-domestic rating multiplier.
2010/11
- Non-Domestic Rating Multiplier is 41.4p in the £
- Small Business Non-Domestic Rating Multiplier is 40.7p in the £
2011/12
- The Non-Domestic Rating Multiplier is 43.3p in the £
- The Small Business Non-Domestic Rating Multiplier is 42.6p in the £
2012/13
- The Non-Domestic Rating Multiplier is 45.8p in the £
- The Small Business Non-Domestic Rating Multiplier is 45.0p in the £
The former is higher to pay for small business rate relief. The Government sets the multipliers for each financial year for the whole of England, except in the City of London where special arrangements apply, according to formulae set by legislation.
The multipliers change each year in line with inflation and to take account of the cost of small business rate relief. In the year of a revaluation, the multipliers are recalculated to account for overall changes to rateable value and to ensure that the revaluation does not raise extra money for government. The current multipliers are shown on the front of your bill.
