Business rates revaluation 2026 - important update for businesses
The 2026 draft rating list has now been published by the HMRC Valuation Office (VO). This review updates the rateable values of all non-domestic properties, and the new values will take effect from 1 April 2026.
To check your current and future business rates valuation or find out what to do if you believe your valuation is incorrect, visit the GOV.UK website.
What's changing in 2026?
On 26 November 2025, the Chancellor announced new multipliers for calculating business rates bills. These changes include:
- permanent lower multipliers for Retail, Hospitality and Leisure (RHL) businesses, replacing temporary relief schemes
- a high value multiplier for properties with a rateable value of £500,000 or more, helping fund lower rates for smaller businesses
2026 and 2027 multipliers
The multipliers for 2026 and 2027 are:
- small business RHL multiplier: 38.2p (rateable value under £51,000)
- small business multiplier: 43.2p (rateable value under £51,000)
- standard RHL multiplier: 43p (rateable value £51,000 to £499,999)
- standard multiplier: 48p (rateable value £51,000 to £499,999)
- high value multiplier: 50.8p (rateable value £500,000 or over)
How are we preparing?
We are currently reviewing our property database to determine which multiplier applies to each business. Some ratepayers may be contacted for additional information where necessary.
Business Rate Relief Package
For those seeing bill increases, the Government is providing a support package worth £4.3 billion over the next three years, including:
- a £3.26 billion transitional support scheme, providing more generous support to the largest ratepayers
- a Supporting Small Business (SSB) scheme worth over £500 million to help the smallest businesses, including an expansion to those businesses who were previously eligible for retail, leisure and hospitality, worth £1.3 billion. The SSB scheme caps any increase at the higher of £800 or the relevant transitional relief caps from 1 April 2026. The 2023 SSB scheme is also being extended for 1 year
- permanently lower tax rates for eligible retail, leisure and hospitality businesses
- extending the Small Business Rates Relief (SBRR) grace period from 1 to 3 years, meaning businesses will now remain eligible for SBRR on their first property for 3 years after expanding into a second property
You do not need to apply for these changes. Where eligible, adjustments will be applied automatically to your bill.
Further details will be included with your 2026 to 2027 annual bill.
