The rates payable for a property are calculated by multiplying the rateable value by the national rate in the pound, or ‘multiplier’.
The multiplier increases each year by the rate of inflation, except following a national revaluation when it is adjusted to reflect the increase in the total of all rateable values nationally
The National Non Domestic multipliers since 1/4/90 are as follows:
| 2010/11 41.4p in the £ |
(Small business rate multiplier 40.7p in the £) |
| 2009/10 48.5p in the £ |
Small business rate multiplier 48.1p in the £) |
| (2008/09 46.2p in the £ |
(Small Business rate multiplier 45.8p in the £) |
| 2007/08 44.4p in the £ |
(Small Business rate multiplier 44.1p in the £) |
| 2006/07 43.3p in the £ |
(Small Business rate multiplier 42.6p in the £) |
| 2005/06 42.2p in the £ |
(Small Business rate multiplier 41.5p in the £) |
| 2004/05 45.6p in the £ |
|
| 2003/04 44.4p in the £ |
|
| 2002/03 43.7p in the £ |
|
| 2001/02 43.0p in the £ |
|
| 2000/01 41.6p in the £ |
|
| 1999/00 48.9p in the £ |
|
| 1998/99 47.4p in the £ |
|
| 1997/98 45.8p in the £ |
|
| 1996/97 44.9p in the £ |
|
| 1995/96 43.2p in the £ |
|
| 1994/95 42.3p in the £ |
|
| 1993/94 41.6p in the £ |
|
| 1992/93 40.2p in the £ |
|
| 1991/92 38.6p in the £ |
|
| 1990/91 34.8p in the £ |
|
The amount payable may vary if a relief or exemption applies (see Rate Reductions).
If an occupier moves out and empties a property part way through the financial year, the rates will be recalculated to take this into account and any appropriate relief applied.