NEW: Start Up Grant for Businesses available now
Read more

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'.

The multiplier is set by the National Assembly for Wales every year. It cannot rise by more than the rate of inflation (except in a revaluation year).

The multiplier for each financial year is shown below: 

Financial year Multiplier (pence in the pound)
2020-202153.5p
2019-202052.6p
2018-201951.4p
2017-201849.9p
2016-201748.6p
2015-201648.2p
2014-201547.2p
2013-201446.4p
2012-201345.2p
2011-201242.8p
2010-201140.9p

 

For example

If the rateable value of your business is £15,000, you would use the 2018-19 multiplier (51.4p) to estimate your business rates as follows:

£15,000 (rateable value) x £0.514p (multiplier) = £7,710

This is the gross liability, before any reliefs are applied.

 

 

Contacts

  • Phone: 01597 827463 (office opening hours 9am - 4pm Mon - Fri)

    Please note that from 23rd March 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


Feedback about a page here

 

Share this page

Facebook icon Twitter icon Email icon

Print

Print icon