Business Rates Multiplier (UBR) for 2014/15
|England Non Domestic Rating Multiplier / UBR|
|*City of London Only | **Gtr London Only (RV>55K)|
|Scotland Business Rates Poundage Figure|
|* RV greater than 35,000|
|Wales Non Domestic Rating Multiplier / UBR|
The non domestic rating multipliers for 2014/15 have been confirmed as 0.482 or 0.471 for rateable values below 18,000 (25,500 in Greater London).
This follows the announcement in the Autumn Statement that the business rates increase in 2014/15 is to be capped at 2%
Other measures in the statement included the extension of the enhanced SBRR scheme for another year, a relaxation of the "one property rule" for Small Business Rate Relief, a new £1,000 discount for retailers, the option to make business rates payments over 12 months rather than 10, and relief for those occupying previously vacant properties.
The Chancellor announced in the Autumn Statement (5th December 2013) that the RPI increase for Business Rates will be limited to 2%
This gives a Small Business Non Domestic Rating Multiplier for 2014/15 of 0.471
The 2014/15 supplement to fund Small Business Rate Relief will be increased from 0.009 to 0.011 giving a (large) Non Domestic Rating Multiplier for 2014/15 of 0.482
The Provisional figures were announced by the Department for Communities and Local Government on 6th December, and no doubt will be confirmed in the new year.
The Q value for 2014/15 - i.e. the inflation rate for Transitional Calculations will be 1.019 (1.9%)
Other measures in the statement include the extension of the enhanced SBRR scheme for another year, a relaxation of the "one property rule" for SBRR, a new discount for retailers, and relief for those occupying previously vacant properties.
You can read the statement here
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The Small Business Non Domestic Rating Multiplier for 2013/14 has been confirmed as 0.462 and the supplement to fund SBRR will be increased from 0.008 to 0.009 making the full multiplier for England 0.471
The Q value - i.e. the inflation rate for Transitional Calculations will be 1.027 (2.7%)
The Scottish Multipliers are confirmed at 0.462 and 0.471.
The Welsh multiplier is 0.464
Multiplier (UBR) for 2012/13 (England)
The Small Business Non Domestic Rating Multiplier for 2012/13 is:
supplement to fund SBRR is
Therefore the full Non Domestic Rating Multiplier for 2012/13 is:
(Poundage Figure) for 2012/13 (Scotland)
Poundage Figure for 2012/13 is:
Poundage Figure for 2012/13 if the RV is greater than 35,000 is:
(UBR) for 2012/13 (Wales)
Non Domestic Rating Multiplier for 2012/13 is: