Business Rate Multipliers

We work out your Business Rate bill by multiplying the Rateable Value (see Revaluation 2017 and Transitional Arrangements) of the property by the rate multiplier or ‘poundage’, which the Government sets from the 1 April each year.

There are two multipliers. For properties which qualify for small business rate relief the multiplier for 2019/20 has been set at 49.1p in the pound. For properties which do not qualify, the multiplier has been set at 50.4p in the pound, which includes a supplement to pay for small business rate relief.

For details of the multipliers for previous years, please see below:

Financial YearMultiplierSmall Business Rate Relief Qualifiers
2019/200.5040.491
2018/190.4930.480
2017/180.4790.466
2016/170.4970.484
2015/160.4930.480
2014/150.4820.471
2013/140.4710.462
2012/130.4580.450
2011/120.4330.426
2010/110.4140.407
2009/100.4850.481
2008/090.4620.458
2007/080.4440.441
2006/070.4330.426
2005/060.4220.415
2004/050.456-
2003/040.444-
2002/030.437-
2001/020.430-
2000/010.416-
1999/000.489-
1998/990.474-
1997/980.458-
1996/970.449-
1995/960.432-
1994/950.423-
1993/940.416-
1992/930.402-
1991/920.386-
1990/910.348-

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Revaluation 2017 and Transitional Arrangements

All rateable values are reassessed at a general revaluation. The most recent revaluation took effect from 1 April 2017. Revaluations make sure each ratepayer pays their fair contribution and no more, by ensuring that the share of national rates bill paid by any one ratepayer reflects changes over time in the value of their property relative to others. Revaluation does not raise extra money for Government.

A £3.6 billion transitional relief scheme limits changes in rate bills as a result of the 2017 revaluation. To help pay for the limits on increases in bills, there are also limits on reductions in bills. Under the transitional scheme, limits continue to apply to yearly increases and decreases until the full amount is due (rateable value times the appropriate multiplier).

The scheme applies only to the bill based on a property at the time of the revaluation. If there are any changes to the property after 1st April 2017, transitional arrangements will not normally apply to the part of a bill that relates to any increase in rateable value due to those changes. Changes to your bill as a result of other reasons (such as changes to the amount of small business rate relief) are not covered by the transitional arrangements.

The transitional arrangements are applied automatically and are shown on the front of your bill.

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Page Last Updated:

5 June 2019

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