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Business Rate Multipliers

The multiplier is used when calculating your Business Rates bill. It indicates the percentage, or pence in the pound, of the rateable value that you will pay.

Multipliers for 2023/24

Small Business Multiplier 49.9p (0.499), Higher Business Multiplier 51.2p (0.512)

Previous Multipliers

Year

Small Business Multiplier

Higher Business Multiplier

2022/23

49.9

51.2

2021/22

49.9

51.2

2020/21

49.9

51.2

2019/20

49.1

50.04

2018/19

48.0

49.3

2017/18

46.6

47.9

2016/17

48.4

49.7

2015/16

48.0

49.3

2014/15

47.1

48.2

2013/14

46.2

47.1

2012/13

45.0

45.8

2011/12

42.6

43.3

2010/11

40.7

41.4

 

Last updated 15 March 2023
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