Your Business Rates bill

Your Business Rates bill is based on the rateable value of your property. This is then multipled by the 'rate multiplier'.

Rateable value

This come from a valuation made by the Valuation Office Agency. It is revalued every five years. 

For more information visit the Valuation Office Agency.

Rate multiplier

We work out your bill by multiplying the rateable value of your property by the rate multiplier.

We use either

  • the standard non-domestic rating multiplier


  • the small business non-domestic rating multiplier

to work out your bill.

The standard non-domestic rate is higher. It helps to cover the small business rate relief. Your bill will show you which multiplier has been used.

The multipliers are set by the Government each year. The table below shows the most recent multipliers.

National Non Domestic Multiplier
Financial Year National Non Domestic Multiplier  Small Business Rates Scheme Multiplier 
2018/2019             0.493           0.480
2019/2020           0.504            0.491
2020/2021             0.512             0.499
2021/2022         0.512           0.499
2022/2023         0.512           0.499
2023/2024         0.512           0.499
2024/2025         0.546           0.499


More information about Business Rates billing

Understanding your rateable value

Business rates are based on your property’s rateable value. The Valuation Office Agency (VOA) maintains the Non-Domestic Rating List. This includes setting the rateable values of business properties.

See how business rates are calculated