Business Rates Multipliers

Your business rates bill is calculated by multiplying your property’s rateable value, assessed by the Valuation Office Agency, by a Government set‑set multiplier.
You can check your rateable value at: https://www.gov.uk/find-business-rates

The business rate multiplier is just a number set by the government that tells you how much tax you pay for every £1 of your property’s rateable value.

Think of it as a price per pound: If your multiplier is 48p, you pay 48p in business rates for every £1 of your rateable value.

Before the introduction of the new framework in 2026/27, properties with a rateable value above £51,000 were charged using the standard multiplier, while those below £51,000 used the small business multiplier.

Multipliers for previous tax years:

Introduction of New Business Rates Multipliers (Effective from 1^st April 2026)

The Government has announced the introduction of new business rates multipliers starting from 2026/27. The multiplier applied to your bill will depend on your property’s rateable value and use.

1. Small Business Properties

If your property has a rateable value below £51,000, your bill will be calculated using the Small Business Non-Domestic Rating Multiplier:

• Small Business Non-Domestic Rating Multiplier
  (2026/27: 43.2p)

2. Retail, Hospitality and Leisure (RHL) Properties

If your property is used for Retail, Hospitality or Leisure and has a rateable value below £500,000, the following multipliers apply:

• Small Business RHL Multiplier
  Rateable value below £51,000
  (2026/27: 38.2p)
• Standard RHL Multiplier
  Rateable value £51,000 to £499,999
  (2026/27: 43.2p)

For more details and to apply for the RHL multiplier, visit our webpage:
Link to RHL Multiplier page

3. Non-RHL Properties

If your property is not used for RHL purposes and has a rateable value between £51,001 and £499,999, your bill will be calculated using the Standard Non-Domestic Rating Multiplier:

• Standard Non-Domestic Rating Multiplier
  (2026/27: 48.0p)

4. High-Value Properties

For properties with a rateable value of £500,000 or more, a higher multiplier applies:

• High-Value Non-Domestic Rating Multiplier
  (2026/27: 50.8p)

5. Unoccupied Properties

For properties that are not occupied, the Standard Non-Domestic Rating Multiplier (2026/27: 48.0p) will be applied.