Business Rates Charges
The Business Rates charge is determined by the
rateable value of the property and the multiplier set for the year
of liability.
The rateable value is determined by the
Valuation Office.
The two multipliers, standard and small
business rates (SBR) multipliers, are set by the Secretary of State
each year (small business rates relief was only brought in
from 2005/2006 so there are no SBR multiplers before this
year).
Examples relating to the year
2005/2006:
1. Rateable value of £10,000 x standard multiplier of 42.2 =
£4220 rates payable
2. Rateable value £10,000 x small business rates multiplier*
of 41.5 = £4150 rates payable
*If small business rate relief granted or
rateable value less than £15,000
| Year |
Standard Multiplier |
Small Business Rates Multiplier |
|
1990/1991
|
0.348 |
n/a |
|
1991/1992
|
0.386 |
n/a |
| 1992/1993 |
0.402 |
n/a |
| 1993/1994 |
0.416 |
n/a |
| 1994/1995 |
0.423 |
n/a |
| 1995/1996 |
0.432 |
n/a |
| 1996/1997 |
0.449 |
n/a |
| 1997/1998 |
0.458
|
n/a |
| 1998/1999 |
0.474 |
n/a |
| 1999/2000 |
0.489 |
n/a |
| 2000/2001 |
0.416 |
n/a |
| 2001/2002 |
0.43 |
n/a |
| 2002/2003 |
0.437 |
n/a |
| 2003/2004 |
0.444 |
n/a |
| 2004/2005 |
0.456 |
n/a |
| 2005/2006 |
0.422 |
0.415 |
|
2006/2007
|
0.433 |
0.426
|
| 2007/2008 |
0.444 |
0.441
|
| 2008/2009 |
0.462 |
0.458 |