How your bill is calculated

We calculate your business rate bill by multiplying the rateable value by the annual multiplier (rate in the pound) set by the government each year.

Rateable value

Each non-domestic property has a rateable value, as shown on the front of your bill.

The Valuation Office Agency (VOA) are responsible for setting rateable values. You can find the rateable value of your property using the VOA’s website. You'll need your postcode or property reference number.

Rating multiplier for 2026/27

The Non-Domestic Rating Multipliers for 2026/27 are as follows.

The standard multiplier applies if your rateable value is £51,000 or more. The small business multiplier applies if your rateable value is below £51,000. 

The standard RHL multiplier applies if your rateable value is £51,000 or more and a qualifying, occupied, retail, hospitality or leisure premises open to visiting members of the public. The small business RHL multiplier applies if your rateable value is below £51,000 and a qualifying, occupied, retail, hospitality or leisure premises open to visiting members of the public.

See Gov.uk's guidance regarding qualifying criteria for the RHL Multipliers.

The high value multiplier applies to all properties with a rateable value of £500,000 or more. 

• Small business RHL multiplier: 38.2p
• Small business non-domestic rating multiplier: 43.2p
• Standard RHL multiplier: 43.0p
• Standard non-domestic rating multiplier: 48.0p
• High-value non-domestic rating multiplier: 50.8p

Transitional Supplement

All properties will be charged a further 1p supplement on their bill over and above the multipliers above. Those in receipt of Transitional Relief and/or the Supporting Small Business Scheme 2026 will receive further relief to offset this charge. 

This supplement will apply for one year from 1 April 2026. 

City multiplier

Each year the Court of the Common Council determine what the City Premiums will be for the following financial year. This usually happens around late February to Early March. We are unable to confirm the City's multipliers until this has taken place.

These multipliers are applied in addition to the rating multiplier.

For 2026/27 the City's multipliers have been set at 0.029 (2.9p in the £) for small businesses and 0.032 (3.2p in the £) for other businesses. Therefore the total multiplier for properties within the City are as follows.

The standard multiplier applies if your rateable value is £51,000 or more. The small business multiplier applies if your rateable value is below £51,000.

• Small business RHL multiplier: 41.1p
• Small business non-domestic rating multiplier: 46.1p
• Standard RHL multiplier: 46.2p
• Standard non-domestic rating multiplier: 51.2p
• High-value non-domestic rating multiplier: 54.0p

The city multipliers are set each year. Once the Court of the Common Council has met in early March, they will be confirmed on this web page and reflected on your business rates bill. 

This is levied to provide additional funding for the Police Service, security, resilience and contingency planning in the City.

Business rates supplement (Crossrail)

The Greater London Authority is levying a business rate supplement of £0.02 on all properties with a rateable value of more than £92,000 from 1 April 2026, in relation to its contribution to the Crossrail project.

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

Further information

Please see explanatory notes for information on reductions and reliefs:

Non-domestic rates explanatory notes