The national non-domestic rating multiplier is the rate in the pound by which, outside the City of London where special arrangements apply, the rateable value is multiplied to produce the annual rate bill for a property.
It is set annually by the Government and, except in a revaluation year, cannot by law rise by more than the amount of the increase in the retail prices index.
The gross annual rates of a property is found by multiplying its rateable value (RV) with the appropriate multiplier.
From 1 April, 2026 the Government has introduced two lower multipliers for retail, hospitality or leisure (RHL) properties, and a higher multiplier for high value properties. This means there are now five multipliers for the financial year from 1 April 2026 to 31 March 2027:
- high value multiplier (if the property has a RV of £500,000 or more): 0.508
- standard multiplier (property has RV £51,000 to £499,999): 0.48
- small multiplier (property has RV less than £51,000) : 0.432
- standard RHL multiplier (RV £51,000 to £499,999 and property used for retail, hospitality or leisure purposes): 0.43
- small RHL multiplier (RV less than £51,000 and property used for retail, hospitality or leisure purposes): 0.382
You can find a list of current multipliers on the Gov.uk website.