The Business Rates Multiplier
The government usually 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 after the revaluation the same as before, plus inflation for that year.
The current multiplier will be shown on the front of your bill. The two multipliers in force from 1st April 2011 are 43.3p for the main business rates multiplier and 42.6p for small businesses.
Small Business Multiplier
From April 2005 the government introduced the Small Business Rate Relief (SBRR) scheme with a new small business multiplier. Businesses with rateable values of £14,999 or less will have their bill calculated using the small business multiplier.
Last updated 19/10/2011