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Non domestic rating multiplier

The local council works out the Business Rates bill by multiplying the rateable value of the property by the multiplier or 'poundage' which the Government sets from 1 April each year for the whole of England. The Government normally 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 in rates after the revaluation the same as before, plus inflation for that year.

Non-Domestic Rating Multipliers

Year commencing 1 April	Multiplier in pence
1990	34.8
1991	38.6
1992	40.2
1993	41.6
1994	42.3
1995 (Revaluation Year)	43.2
1996	44.9
1997	45.8
1998	47.4
1999	48.9
2000 (Revaluation Year)	41.6
2001	43.0
2002	43.7
2003	44.4
2004	45.6
2005 (Revaluation Year)	42.2 Standard multiplier 41.5 Small Business rate multiplier
2006	43.3 Standard multiplier 42.6 Small Business rate multiplier

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Last reviewed 26 August 2008

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