Multiplier

National Non-Domestic Rating Multiplier

The national non-domestic rating multiplier is the rate in the pound by which the rateable value is multiplied to produce the annual rate bill for a property. It is set annually by the Government and except in a revaluation year, cannot, by law, rise by more than the amount of the increase in the retail prices index.

For the 2024/25 year there are two multipliers :

• Standard multiplier is 54.6p
• Small Business multiplier is 49.9p

Previous Years Multipliers:

2023/24 - Standard 51.2p / Small Business 49.9p
2022/23 -  Standard 51.2p / Small Business 49.9p
2021/22 -  Standard 51.2p / Small Business 49.9p
2020/21 -  Standard 51.2p / Small Business 49.9p
2019/20 - Standard 50.4p / Small Business 49.1p
2018/19 - Standard 49.3p / Small Business 48/0p
2017/18 - Standard 47.9p / Small Business 46.6p
2016/17 - Standard 49.7p / Small Business 48.4p
2015/16 - Standard 49.3p / Small Business 48.0p
2014/15 - Standard 48.2p / Small Business 47.1p
2013/14 - Standard 47.1p / Small Business 46.2p
2012/13 - Standard 45.8p / Small Business 45.0p
2011/12 - Standard 43.3p / Small Business 42.6p
2010/11 - Standard 41.4p / Small Business 40.7p
2009/10 - Standard 48.5p / Small Business 48.1p