Business Rates

The next revaluation period will commence from 1 April 2026.

At revaluation, the Valuation Office Agency (VOA) updates the rateable value of business properties to reflect changes in the property market.

The next revaluation will come into effect in England and Wales on 1 April 2026.

It will be based on the cost to rent a property for a year on 1 April 2024.

Check your 2026 rateable value on the Tax Service website

At the Budget on 26 November 2025, the Chancellor announced that the government would provide a package of measures to support businesses in England, worth an estimated £4.3 billion over the next five years.

The government announced that, from April 2026, new retail, hospitality and leisure (RHL) multipliers would be set 5p below the relevant national multipliers for qualifying properties with rateable values below £500k, funded by a high-value multiplier 2.8p above the national standard multiplier for properties with rateable values of £500,000 and above.

Find details on which properties qualify for the RHL multipliers.

The threshold between the standard and small multipliers (less than £51,000 RV) will not change.

The regulations to give effect to the new multipliers will be made in due course.

Current Non-Domestic Rating Multipliers

• Small Business Multiplier (RV below £51,000) - 49.9p
• Standard Multiplier (RV above £51,000) - 55.5p

The Non-Domestic Rating Multipliers for 2026/27

Non Retail, Hospitality and Leisure

• Small Business Multiplier (RV below £51,000) - 43.2p
• Standard Multiplier (RV £51,000 - £499,999) - 48p
• Higher Multiplier (RV above £500,000) - 50.8p

Retail, Hospitality and Leisure

• Small Business Multiplier (RV below £51,000) - 38.2p
• Standard Multiplier (RV £51,000 - £499,999) - 43p
• Higher Multiplier (RV above £500,000) - 50.8p

If you are currently in receipt of retail relief your rates will automatically be calculated on the retail multipliers.

When your notices are issued, if you believe your multiplier is incorrect, please contact us.

Transitional Relief

To support ratepayers facing large bill increases at the revaluation the government is introducing a redesigned Transitional Relief scheme worth £3.2 billion.

This means that if your RV increases, you may be eligible for relief. If eligible, this will cap the amount you pay, so you don’t pay the full increase in one go.

Transitional Relief Supplement

A 1p supplement to the relevant tax rate for ratepayers who do not receive Transitional Relief or the Supporting Small Business scheme to partially fund Transitional Relief.

This will apply for one year from 1 April 2026.

2026 Supporting Small Business Scheme (SSB relief)

Bill increases for businesses losing some or all of their small business rates relief or rural rate relief will be capped at the higher of £800 or the relevant transitional relief caps from 1 April 2026.

The 2026 SSB relief scheme has been expanded to ratepayers losing their RHL relief.

The government has also announced a one-year extension of the 2023 Supporting Small Business scheme from 1 April 2026.

This support is applied before changes in other reliefs and local supplements.

100 percent relief for Eligible Electric Vehicle Charging Points and Electric Vehicle only forecourts (EVCP relief)

A ten-year 100 percent business rates relief for EVCPs separately assessed by the VOA and Electric Vehicle only forecourts to ensure that they face no business rates liability.

Extending the Small Business Rates Relief (SBRR) grace-period from one to three years

Businesses will now remain eligible for SBRR on their first property for three years after expanding into a second property.