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)
2021-2022	53.5p
2020-2021	53.5p
2019-2020	52.6p
2018-2019	51.4p
2017-2018	49.9p
2016-2017	48.6p
2015-2016	48.2p
2014-2015	47.2p
2013-2014	46.4p
2012-2013	45.2p
2011-2012	42.8p
2010-2011	40.9p

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 - 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

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'.

Contacts

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