National Non-Domestic Rating Multiplier
We work out the amount of Business Rates payable
by multiplying the rateable value of your property by the
multiplier or 'poundage' which the Government sets each year for
the whole of England.
The Government normally changes the multiplier
every year to move in line with inflation. By law, the multiplier
cannot go up by more than the rate of inflation, except in the year
of a revaluation when it is set at a level which will keep the
total amount raised in rates after the revaluation the same as
before, plus inflation for that year.
From 2005/2006 there are two multipiers
-the standard non-domestic rating multiplier of 0.422p
and the small business non-domestic rating multiplier of
0.415p.
For the 2006/2007 financial year the standard non-domestic
rating multiplier is 0.433p and the small business non-domestic
rating multiplier is 0.426p.
For the 2007/2008 financial year the standard non-domestic
rating multiplier is 0.444p and the small business non-domestic
rating multiplier is 0.441p.
For the 2008/2009 financial year the standard non-domestic
rating multiplier is 0.462p and the small business non-domestic
rating multiplier is 0.458p.