 In 2014-15 authorities in England collected a total of £22.9 billion in business rates, representing 3.53% of the total UK tax income and achieving an average in-year collection rate of 98.1%.For 2016/17 the multiplier is 49.7 pence and the small business rate multiplier is 48.4 pence.The multiplier for 2017/18 is 47.9 pence, which means that this tax has increased in real terms by 37.6% since its inception in 1990.