Business Rates (NNDR) explained
Non-domestic rating multiplier
The non-domestic rating multiplier is a fixed amount set by Central Government each year and normally changes every year in line with inflation.
There are two multipliers:
- The standard multiplier for 2022/23 is 51.20 pence
- The small business multiplier for 2022/23 is 49.90 pence
The multipliers for the 2021/22 financial year were 51.20 pence and 49.9 pence respectively.
The multipliers for the 2020/21 financial year were 51.20 pence and 49.9 pence respectively.
The multipliers for the 2019/20 financial year were 50.4 pence and 49.1 pence respectively.
The multipliers for the 2018/19 financial year were 49.3 pence and 48.0 pence respectively.
The multipliers for the 2017/18 financial year were 47.9 pence and 46.6 pence respectively.
When the rateable value is multiplied by the non-domestic rating multiplier, this gives the basic amount you have to pay for the financial year.
This figure could be further adjusted as a result of any relief you may be entitled to (for example, ratepayers entitled to small business rate relief have a lower multiplier). See our Rate Relief page for more information.