We calculate how much you have to pay by applying a rating multiplier to your rateable value and deducting any relief to produce your final bill.
Calculations explained
Rateable value
Rateable values are the amount of rent a property could have been let for on a set valuation date. For the 2026 valuation, that date was 1 April 2024.
We use these rateable values to calculate business rates bills.
Revaluations are carried out to reflect changes in the property market. This means that business rates bills are based on more up-to-date information.
The recent revaluation came into effect on 1 April 2026.
The next revaluation is due in 2029.
Rating multiplier
The rating multiplier is set annually by central government for the whole of England according to formulae set by legislation. The multiplier is normally uprated by CPI inflation each year unless government decides to freeze or underrate a multiplier.
2026/27 multiplier rates
| Multiplier or business type | RV range | 2026 - 2027 multiplier value |
|---|---|---|
| Small business or retail | £0 - £50,999 | 38.2p |
| Standard business or retail | £51,000 - £499,999 | 43.0p |
| Small business or non-retail | £0 - £50,999 | 43.2p |
| Standard business or non-retail | £51,000 - £499,999 | 48.0p |
| High value (RV) business | £500,000 + | 50.8p |
Previous multiplier values
| 1 April - 31 March | Standard multiplier | Small business multiplier |
|---|---|---|
| 2025 – 2026 | 55.5p | 49.9p |
| 2024 – 2025 | 54.6p | 49.9p |
| 2023 – 2024 | 51.2p | 49.9p |
| 2022 – 2023 | 51.2p | 49.9p |
| 2021 – 2022 | 51.2p | 49.9p |
Transitional supplement
A 1p transitional supplement will be payable by all business ratepayers not in receipt of transitional relief. This has been introduced for the 2026/27 financial year only. Its intention is to help fund the transitional relief scheme (businesses facing a large increase following the 2026 revaluation).
The supplement will still be shown on the bill for any ratepayers in receipt of transition relief but this will be offset by the overall relief scheme.