Your Business Rates bill
Your Business Rates bill is based on the rateable value of your property. This is then multiplied by the 'rate multiplier'.
Rateable value
The rateable value comes from a valuation made by the Valuation Office Agency. It is revaluated regularly.
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.
Your bill will show you which multiplier has been used.
The multipliers are set by the Government each year.
The tables below show the multipliers which will apply from April 2026 onwards.
National Standard Multiplier
For business with rateable value between £51,000 and £499,999 that are not in the retail, hospitality or leisure sector.
| Financial Year | National Non Domestic Multiplier |
|---|---|
| 2025/2026 | 0.555 |
| 2026/2027 | 0.48 |
Small Business Rates Multiplier
For business with rateable value below £51,000 that are not in the retail, hospitality or leisure sector.
| Financial Year | Small Business Rates Scheme Multiplier |
|---|---|
| 2025/2026 | 0.499 |
| 2026/2027 | 0.432 |
Retail, Hospitality and Leisure Multiplier
A new multiplier rate has been introduced from April 2026 which will be used to calculate Business Rates for retail, hospitality and leisure businesses.
| Financial Year | Small Business Retail, Hospitality and Leisure Multiplier | Standard Retail, Hospitality and Leisure Multiplier |
|---|---|---|
| 2026/2027 | 0.382 | 0.43 |
Higher Value Business Multiplier
A new multiplier rate has been introduced from April 2026 which will be used to calculate Business Rates for higher value businesses with rateable values of £500,000 or above.
| Financial Year | High-value Multiplier |
|---|---|
| 2026/2027 | 0.508 |