There are two multipliers:
- The 2021/22 standard non-domestic rating multiplier is 51.2 pence
- The 2021/22 small business non-domestic rating multiplier is 49.9 pence
- The 2022/23 standard non-domestic rating multiplier is 51.2 pence
- The 2022/23 small business non-domestic rating multiplier is 49.9 pence
- The 2023/24 standard business non-domestic rating multiplier is 51.2 pence
- The 2023/24 small business non-domestic rating multiplier is 49.9 pence
The standard non-domestic rating multiplier is slightly higher to pay for small business rate relief. Except in the City of London, where special arrangements apply, the Government sets multipliers for each financial year for the whole of England according to legal formulae.
Between revaluations 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 revaluation the multipliers are rebased to account for overall changes to total rateable value and ensure that the revaluation does not raise extra money for Government.
If you are only in occupation for part of the year, we calculate the exact portion that you owe by splitting the annual charge to a daily rate. We multiply this by the number of days you are in occupation or are entitled to occupy the property.