Business rates

Ratepayers and owners of all non-domestic and business properties pay business rates, and examples of liable properties include shops, offices, pubs, warehouses and factories.

Business rates multiplier

The Welsh Government sets the rating multiplier annually, which is the same throughout Wales.

From 1 April 2026, there are three multipliers which may apply to a property in Wales. The multipliers for 2026-27 are as follows:

  • a retail multiplier of 0.350, applicable to small to medium sized retail shops with a rateable value below £51,000
  • a standard multiplier of 0.502, applicable to most other properties
  • a higher multiplier of 0.515, applicable to properties with a rateable value above £100,000

To find out how much you will pay for a full year, just multiply your rateable value by the multiplier.

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