The local Council works out the Business Rates bill by multiplying the rateable value of the property by the multiplier or 'poundage' which the Government sets.
There are two multipliers, the standard non-domestic rating multiplier and the small business non-domestic rating multiplier. The standard non-domestic rating multiplier is higher to pay for small business rate relief.
The Government sets the multipliers for each financial year for the whole of England. The Government normally changes both multipliers every year to move in line with inflation. By law, the multipliers cannot go up by more than the rate of inflation apart from some minor adjustments to counteract losses from appeals and, in relation to the standard multiplier, to pay for small business rate relief.
In the year of a revaluation it is set at a level which will keep the total amount raised in rates after the revaluation the same as before, plus inflation for that year.
The gross business rates bill is calculated by multiplying the property's rateable value by the multiplier which the government sets each year. The current multipliers will be shown on the front of your bill.
Businesses not receiving Small Business Rate Relief are calculated at a multiplier of 42.2p
Businesses not receiving Small Business Rate Relief are calculated at a multiplier of 43.3p
Businesses not receiving Small Business Rate Relief are calculated at a multiplier of 44.4p
