The National Non-Domestic Rating Multiplier

The local authority works out the Business Rates bill by multiplying the rateable value of the property by the appropriate multiplier.

From 1st April 2005 there are two multipliers; the standard non-domestic rating multiplier and the small business non-domestic rating multiplier.

Central Government sets the multipliers for each financial year for the whole of England. The Government normally changes both multipliers every year 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 current rating multipliers are shown below.

Current rating multipliers

	Standard Rating Multiplier	Small Business Rating Multiplier
2008/09	46.2	45.8

The full charge may be subject to adjustment in respect of empty rate, reliefs & exemptions or transitional arrangements.

Previous Rating Multipliers

Year	Standard Rating Multiplier	Small Business Rating Multiplier
2007/08	44.4	44.1
2006/2007	43.3p	42.6p
2005/2006	42.2p	41.5p

The following apply to the Rating List that was in force from 1 April 2000 to 31 March 2005.

Year	Rating Multiplier
2004/2005	45.6p
2003/2004	44.4p
2002/2003	43.7p
2001/2002	43.0p
2000/2001	41.6p

Further information on the Rating Multiplier is available on www.mybusinessrates.gov.uk