We work out how much business rates you have to pay by multiplying the rateable value by the multiplier or 'poundage'. This is from what the government sets each year from 1 April for the whole of England.
From 1 April 2024, the standard non-domestic rating multiplier and small business non-domestic rating multiplier will be increased each year in line with the change in the Consumer Prices Index. The Treasury is also able to increase either multiplier by a lower figure.
2024 to 2025
From 1 April 2024 there are 2 multipliers:
- the standard non-domestic rating multiplier will be set at 54.6p for all properties with a Rateable Value of £51,000 or more
- the small business non-domestic rating multiplier will be set at 49.9p for all properties with a Rateable Value of not more than £50,999
2023 to 2024
From 1 April 2023 there are 2 multipliers:
- the standard non-domestic rating multiplier will be set at 51.2p for properties with a Rateable Value of £51,000 or more
- the small business non-domestic rating multiplier will be set at 49.9p for properties with a Rateable Value of not more than £50,999
This may be the amount that you have to pay. Any transitional or other reliefs that you're entitled to could reduce the overall amount that you have to pay.
See the Reductions and Reliefs webpages for more information.
See the Transition Arrangements webpages for more information about transitional reliefs.
You can also read the explanatory notes which form part of your bill, on the business rates documents page.
Thinking of moving into business premises in Stockport?
If you're thinking of taking on a business premises in Stockport, visit the Valuation Office Agency website. You can find the rateable value of all business premises and work out how much Business rates you would pay.