National non-domestic rating multipliers
The NNDR multiplier changes every year, usually in line with inflation.
The local authority works out the business rates bill by multiplying the rateable value of the property by the appropriate multiplier. From 1 April 2005 there are two multipliers; the standard non-domestic rating multiplier and the small business non-domestic rating multiplier. The former is higher to pay for small business rate relief. The Government sets the multipliers for each financial year for the whole of England and normally changes both multipliers every year in line with inflation, unless it exercises its order making powers.
By law, the multipliers cannot go up by more than the rate of inflation apart from some minor adjustments to counteract losses from appeals and, in relation to the standard multiplier, to pay for small business rate relief. In the year of a revaluation 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. The current multipliers are shown on the front of your bill.
The multiplier for 2018-19 has been confirmed as 49.30p in the pound or, for small businesses, 48.00p in the pound.
Please note: Small Business Rate Relief commenced on 1 April 2005.
|Tax year||Standard multiplier||Small business multiplier|