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The Business Rates Multiplier

The government sets the business rates multipliers for each financial year for England. Generally, the multipliers increase in line with inflation according to the Retail Price Index in September of the preceding year.

The September 2015 RPI figure was 259.6. The 2016/17 Small Business Rates multiplier will be 0.484 and the Standard Rate Multiplier will be 0.497.  

Year

Businesses with an Rv < £18,000 pa

RV rates for larger businesses

2010/11

0.407

0.414

2011/12

0.426

0.433

2012/13

0.450

0.458

2013/14

0.462

0.471

2014/15

0.471

0.482

2015/16

0.480

0.493

 2016/17

 0.484

 0.497