Business Rates: Rating Multiplier

We calculate a property's rate bill by multiplying its rateable value by a set amount. This amount is called the 'rating multiplier'.

With effect from the 1 April 2026, Welsh Government introduced differential multipliers for non-domestic rates in Wales. The multiplier for each financial year is shown below (pence in the pound): 

Financial Year  2026-27

• Standard Multiplier  TBC
• Retail Multiplier* (rateable value <51,000) TBC
• Higher Multiplier** (rateable value >100,000) TBC

Financial Year  2025-26

• Standard Multiplier  56.8p

Financial Year  2024-25

• Standard Multiplier  56.2p

Financial Year  2023-24

• Standard Multiplier  53.5p

*Description of retail multiplier

 The retail multiplier applies to premises on a local Business Rates list that:

 (a) have a rateable value of less than £51,000, and

 (b) are described on that list as:

• kiosk and premises,
• pharmacy and premises,
• post office and premises
• shop and premises or
• shop, post office and premises.

**Description of higher multiplier

The higher multiplier applies to properties on a local Business Rates list that:

 (a) have a rateable value of more than £100,000, and

 (b) are not described on that list as

• ambulance station and premises, auxiliary defence establishment and premises, cemetery and premises, college and premises, crematorium and premises, fire station and premises,  health centre and premises, hospital and premises, law court and premises, leisure centre and premises, library and premises,  museum and premises, police station and premises, prison and premises,  school and premises, sports centre and premises, surgery and premises,  swimming pool and premises, or university and premises.

For exampleIf the rateable value of your business is £15,000, you would use the 2025-26 multiplier (56.8p) to estimate your business rates as follows: £15,000 (rateable value) x £0.568p (multiplier) = £8,520. This is the gross liability, before any reliefs are applied.

Contacts

• Phone: 01597 827463 (office opening hours 9am - 1pm Mon - Fri)
  
  The council tax/ business rates & awards service will only be taking calls between the hours of 9am till 1pm. We aim to have a full complement of staff during these hours to help improve call response times.
• Email: revenues@powys.gov.uk 
• Write to us at: Powys County Hall, Spa Road East, Llandrindod Wells, Powys, LD1 5LG

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