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Your bill is calculated by multiplying the rateable value by the rating multiplier and then adjusted to take account of transitional arrangements.

Rating multiplier

For 2017/18, the Government has set two multipliers: the Small Business Non-Domestic Rate Multiplier of 0.466 and the National Non-Domestic Rate Multiplier of 0.479. The City's multipliers have been set at 0.471 (47.1p in the £) for small businesses and 0.484 (48.4p in the £) for other businesses. These are comprised of the multipliers set by the Government and a premium of 0.005 levied to provide additional funding for the Police Service, security, resilience and contingency planning in the City.

Business rates supplement

The Greater London Authority is levying a business rate supplement of £0.02 is on all properties with a rateable value of more than £70,000, in relation to its contribution to the Crossrail project.

Further information is available from Greater London Authority's Funding for Crossrail.

Transitional arrangements

Transitional arrangements phase in the effect of significant changes in liabilities that arise from the 2017 revaluation of non-domestic property. Where appropriate, these arrangements will operate until March 2022. There are limits on the percentage by which bills may increase or decrease each year. Special rules deal with changes in rateable values and the merger or splitting of existing properties.

Further information is available on the Department for Communities and Local Government website.


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