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The business rate multiplier
The multiplier indicates the percentage, or pence in the pound, of the rateable value that you will pay in business rates. It is set at each revaluation by Communities and Local Government in England and the Welsh Government . The City of London can set its own multiplier. The multiplier usually changes each year in line with inflation.
We publish a list of the current and previous multipliers online.
What′s the small business rate multiplier?
The small business rate multiplier is a reduced multiplier used in England when the council calculates the bill for any businesses who qualify for small business rate relief. The way the relief applies varies between England and Wales .
How does the multiplier work at revaluation?
At revaluation, the multipliers are revised so that the overall national business rates bill only changes in line with inflation. This means that a change in your rateable value does not always mean a corresponding change in your bill.
For example, you are paying rates on a building in Manchester. The rateable value increases from £14,800 to £17,100 but the change in the multiplier means the bill actually goes down.
Rateable value x multiplier = bill before additional reliefs
2009/10 £14,800 x £0.481 = £7,118
2010/11 £17,400 x £0.407 = £7,081