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 |