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07 September 2008

Business Rate Multipliers

The level of Business Rates due in respect of your premises is based on a valuation of your property (known as the Rateable Value) multiplied by the rate multiplier (which is often referred to as the uniform business rate or UBR) or 'poundage' which the Government sets annually for the whole of England. The multiplier is normally changed each year to move in line with inflation. By law, the multiplier may not increase by more than the rate of inflation, except in the year of a revaluation when it is set at a level which will keep the amount raised in rates after the revaluation the same as before, plus inflation for that year. The current multiplier will be displayed on the front of your Non-Domestic Rate bill.

The multiplier set by the Government for each financial year since the introduction of the Non-Domestic Rate is shown in the table below:

Financial YearNational Non-
Domestic Multiplier

£
Small Property
Multiplier *
£
Small Business Relief
Scheme Multiplier **

£
1990/19910.348  
1991/19920.386  
1992/19930.402  
1993/19940.416  
1994/19950.423  
1995/19960.432  
1996/19970.449  
1997/19980.4580.449 
1998/19990.4740.465 
1999/20000.4890.480 
2000/20010.416  
2001/20020.430  
2002/20030.437  
2003/20040.444  
2004/20050.456  
2005/20060.422 0.415
2006/20070.433 0.426
2007/20080.444 0.441
2008/20090.462 0.458

* Small Property Relief was introduced with effect from 1st April 1997 in the form of a small property multiplier. This measure applied to properties outside Greater London whose Rateable Value shown in the 1995 Rating List was less than £10,000 (less than £15,000 in Greater London). This relief was not extended beyond the 1999/2000 rate year.

** There are two multipliers in respect of the 2005/2006 and subsequent rate years: -

Small Business Multiplier
This will apply to those businesses that are eligible for relief under the Small Business Rate Relief Scheme.

Standard Multiplier
This includes the supplement to fund the Small Business Relief Scheme. This multiplier will apply to any business not benefiting from the Small Business Relief Scheme. View Small Business Rate Relief Scheme information.

Find out the Rateable Value for a property Opens in a new window.

Last updated on 20/05/2008

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