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 2023/24
The small business non-domestic rating multiplier for 2023/2024 is 49.9p per pound of the rateable value (or 0.499) and the non-domestic rating multiplier is 51.2p (or 0.512)
Business Rate Multiplier 2022/23
The small business non-domestic rating multiplier for 2022/2023 is 49.9p per pound of the rateable value (or 0.499) and the non-domestic rating multiplier is 51.2p (or 0.512)
Business Rate Multiplier 2021/22
The small business non-domestic rating multiplier for 2021/2022 is 49.9p per pound of the rateable value (or 0.499) and the non-domestic rating multiplier is 51.2p (or 0.512)
Business Rate Multiplier 2020/21
The small business non-domestic rating multiplier for 2020/2021is 49.9p per pound of the rateable value (or 0.499) and the non-domestic rating multiplier is 51.2p (or 0.512)
Business Rate Multiplier 2019/20
The small business non-domestic rating multiplier for 2019/2020 is 49.1p per pound of the rateable value (or 0.491) and the non-domestic rating multiplier is 50.4 (or 0.504)
Business Rate Multiplier 2018/19
The small business non-domestic rating multiplier for 2018/2019 is 48.0p per pound of the rateable value (or 0.480) and the non-domestic rating multiplier is 49.3 (or 0.493)
Business Rate Multiplier 2017/18
The small business non-domestic rating multiplier for 2017/2018 is 46.6p per pound of the rateable value (or 0.466) and the non-domestic rating multiplier is 47.9 (or 0.479)
Non Domestic Rates
Revenues and Benefits
PO Box 1257
Lincoln
Lincolnshire
LN5 5PQ
Tel: 01522 873342
Email: revenues@lincoln.gov.uk
Sleaford Office Opening Hours
09:00-17:00 Monday -Thursday
09:00-16:30 Friday
