Business rates multipliers
The Government sets two multipliers: the Small Business Non-Domestic Rate Multiplier for small businesses and the Non-Domestic Rate Multiplier for other businesses.
For 2024/25 the multiplier is 54.6 pence and the small business rate multiplier is 49.9 pence.
Business Rates multipliers 2020-2025
| Year | 2020/21 | 2021/22 | 2022/23 | 2023/24 | 2024/25 |
|---|---|---|---|---|---|
| Small Business Multiplier | 49.9p | 49.9p | 49.9p | 49.9p | 49.9p |
| Higher Multipliers | 51.2p | 51.2p | 51.2p | 51.2p | 54.6p |
Business Rates multipliers 2015-2020
| Year | 2015/16 | 2016/17 | 2017/18 | 2018/19 | 2019/20 |
|---|---|---|---|---|---|
| Small Business Multiplier | 48.0p | 48.4p | 46.6p | 48.0p | 49.1p |
| Higher Multipliers | 49.3p | 49.7p | 47.9p | 49.3p | 50.4p |
Business Rates multipliers 2010-2015
| Year | 2010/11 | 2011/12 | 2012/13 | 2013/14 | 2014/15 |
|---|---|---|---|---|---|
| Small Business Multiplier | 40.7p | 42.6p | 45.0p | 46.2p | 47.1p |
| Higher Multipliers | 41.4p | 43.3p | 45.8p | 47.1p | 48.2p |
