Each year, the government set two multipliers:
- the Standard Multiplier for businesses
- the Small Business Multiplier for small businesses
Business rates for a property are then calculated by multiplying its rateable value by the relevant multiplier.
The 2025/26 multipliers are:
| |
Standard Multiplier |
Small Business Multiplier |
| 2025/26 |
55.5p |
49.9p |
Multipliers from previous years
| |
Standard Multiplier |
Small Business Multiplier |
| 2024/25 |
54.6p |
49.9p |
| 2023/24 |
51.2p |
49.9p |
| 2022/23 |
51.2p |
49.9p |
| 2021/22 |
51.2p |
49.9p |
| 2020/21 |
51.2p |
49.9p |
| 2019/20 |
50.4p |
49.1p |
| 2018/19 |
49.3p |
48p |
| 2017/18 |
49.9p |
46.6p |
| 2016/17 |
49.7p |
48.4p |
