The Government sets the multipliers for each financial year for the whole of England according to formulae set by legislation. This does not apply in revaluation years when the multiplier will be adjusted to reflect changes in the overall total of rateable values for England.
There are two multipliers: the standard non-domestic rating multiplier which has been set at 51.2 pence for 2020/21 and the small business non-domestic rating multiplier which has been set at 49.9 pence for 2020/21. The former is higher to pay for small business rate relief.
We work out the business rates bill by multiplying the rateable value of the property by the appropriate multiplier.
The current multipliers are shown on the front of your bill.