Overview of Business Rates
National Non-Domestic Rating Multiplier
The council works out your 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. The Government sets the multipliers for each financial year.
Ratepayers who occupy a property with a rateable value which does not exceed £50,999 will have their bills calculated using the lower small business non-domestic rating multiplier, rather than the standard non-domestic rating multiplier.
The Chancellor announced at Autumn Budget 2024 that the government would freeze the small business multiplier while uprating the standard multiplier by Consumer Price Index (CPI) inflation. The multipliers are shown on the front of your bill.