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 2024 / 25 is 54.60 pence
- The small business multiplier for 2024 / 25 is 49.90 pence
| Year | 2017/18 | 2018/19 | 2019/20 | 2020/21 |
|---|---|---|---|---|
| Smaller multiplier | 46.6 | 48.0 | 49.1 | 49.9 |
| Standard multiplier | 47.9 | 49.3 | 50.4 | 51.2 |
| Year | 2022/23 | 2023/24 |
|---|---|---|
| Smaller multiplier | 49.9 | 49.9 |
| Standard multiplier | 51.2 | 51.2 |
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.
Ratepayers who occupy a property with a rateable value less than £50,999 have their bills calculated using the lower small business non-domestic rating multiplier, rather than the standard national non-domestic rating multiplier.
This figure could be further adjusted as a result of any relief you may be entitled to. See our rate relief page for more information.