Multiplier
National Non-Domestic Rating Multiplier
The national non-domestic rating multiplier is the rate in the pound by which 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.
For the 2013/14 year there are two multipliers :
- Standard multiplier is 47.1p
- Small Business Rates Multiplier is 46.2p.
Previous Years Multipliers:
2012/13 Standard 45.8p and Small Business 45.0p
2011/12 Standard 43.3p and Small Business 42.6p
2010/11 Standard 41.4p and Small Business 40.7p
2009/10 Standard 48.5p and Small Business 48.1p
2008/09 Standard 46.2p and Small Business 45.8p
2007/08 Standard 44.4p and Small Business 44.1p
2006/07 Standard 43.3p and Small Business 42.6p
2005/06 Standard 42.2p and Small Business 41.5p
Contact Details
Revenues Department
Mid Suffolk District Council
Grafton House 15-17 Russell Road
Ipswich IP1 2DE
Email:business.rates@ipswich.gov.uk
Telephone: 01473 433851