The Council works out the Business Rates bill by multiplying the rateable value of the property by the appropriate multiplier.
From 1 April 2026, there are five multipliers:
- the standard non-domestic rating multiplier
- the small business non-domestic rating multiplier
- the small retail, hospitality and leisure multiplier
- the standard retail, hospitality and leisure multiplier
- the high value multiplier
The government sets the multipliers for each financial year, except in the City of London where special arrangements apply.
The multipliers for 2026/27 are:
- Small business multiplier (most properties, RV £51,000 or less): 43.2p
- Standard multiplier (most properties, RV over £51,000): 48.0p
- Small RHL multiplier (qualifying retail, hospitality and leisure, lower RV band): 38.2p
- Standard RHL multiplier (qualifying retail, hospitality and leisure, higher RV band): 43.0p
- High value multiplier (RV £500,000 and above): 50.8p
The multiplier that applies to your property is shown on the front of your bill.
Transitional relief (revaluation changes)
Following a revaluation, some ratepayers will see their bill go up, some down, and some stay broadly the same. Transitional relief may apply to limit how much your bill can change each year as a result of revaluation, so changes are phased in gradually. If you are eligible, we will apply it automatically and it will be shown on your bill.
More details about the latest transitional relief scheme can be found at:
- Transitional Relief (GOV.UK website)