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