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National Non-Domestic Rating Multiplier

National Non-Domestic Rating Multiplier

The local council works out the Business Rates bill by multiplying the rateable value of the property by the multiplier or ‘poundage’ which the Government sets from 1 April each year for the whole of England. The Government normally changes the multiplier every year to move in line with inflation. By law, the multiplier cannot go up by more than the rate of inflation, except in the year of a revaluation when it is set at a level which will keep the total amount raised in rates after the revaluation the same as before, plus inflation for that year. The current multiplier will be shown on the front of the bill.

Business Rate Multiplier 2016/2017

The small business non-domestic rating multiplier for 2016/2017 is 48.4p per pound of rateable value (or £0.484) and the non-domestic rating multiplier is 49.7p (or £0.497)

Business Rate Multiplier 2015/2016

The small business non-domestic rating multiplier for 2015/2016 is 48.0p per pound of rateable value (or 0.481) and the non-domestic rating multiplier is 49.3p (or 0.493).

Business Rate Multiplier 2014/2015

The small business non-domestic rating multiplier for 2014/2015 is 47.1p per pound of rateable value (or 0.471) and the non-domestic rating multiplier is 48.2p (or 0.482).

Business Rate Multiplier 2013/2014

The small business non-domestic rating multiplier for 2013/2014 is 46.2p per pound of rateable value (or 0.462) and the non-domestic rating multiplier is 47.1p (or 0.471).

Business Rate Multiplier 2012/2013

The small business non-domestic rating multiplier for 2012/2013 is 45.0p per pound of rateable value (or 0.450) and the non-domestic rating multiplier is 45.8p (or 0.4580).

Business Rate Multiplier 2011/2012

The small business non-domestic rating multiplier for 2011/2012 is 42.6p per pound of rateable value (or 0.426) and the non-domestic rating multiplier is 43.3p (or 0.433).

Non Domestic Rates

Revenues and Benefits
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Lincoln
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Email: revenues@lincoln.gov.uk

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