Business Rate changes following the budget announcement

Following the recent Budget announcement, we now have the details of the proposed government changes to business rates for 2026-27.

We are currently preparing and implementing these changes as part of our annual billing process for the next financial year. In the meantime, you can access the Valuation Office Agency (VOA) website, which currently holds information regarding the new multipliers for 2026-27. There are useful links at the bottom of this page with more details.

Key points for businesses to know

1. Revaluation from April 2026 will mean:

  • all non-domestic properties will have their rateable values updated to reflect market conditions as of 1 April 2024.
  • your new rateable value will determine your business rates bill from April 2026 to March 2029.

2. New business rates multipliers

Multiplier 2025-26 2026-27 Scope
Small Business RHL Multiplier - 38.2p RHL hereditaments with RVs under £51,000
Standard RHL Multiplier - 43p RHL hereditaments with RVs between £51,000 and £499,999
National Small Business Multiplier 49.9p 43.2p Non-RHL hereditaments with RVs under £51,000
National Standard Multiplier 55.5p 48p Non-RHL hereditaments with RVs between £51,000 and £499,999
High-Value Multiplier - 50.8p All hereditaments with RVs of £500,000 or above
New business rates multipliers

3.  Permanent lower rates for retail, hospitality and leisure

  • Properties with rateable values under £500,000 will benefit from lower multipliers, providing long-term certainty for these sectors.

4.  High-value properties

  • Properties with RVs of £500,000 or more will be subject to a higher multiplier, set at 50.8p.

5.  Transitional relief scheme

  • A £3.2 billion support package will cap annual bill increases for businesses facing significant changes after revaluation.
  • Caps will vary by property size (e.g., 5% for RVs up to £20,000 in 2026-27).

6.  Supporting small business schemes

  • Following the recent Budget announcement, we have received details of the proposed government changes to business rates for 2026-27. We are currently preparing and implementing these changes as part of our annual billing process for the next financial year.
  • In the meantime, you can access the Valuation Office Agency (VOA) website, which currently holds information regarding the new multipliers for 2026-27. Please see the link below for more details.

7.  Check your rateable value

  • Draft rateable values are now available via the Valuation Office Agency's Business Rates Valuation Service. You can compare your property's valuation and estimate your future bill.

Useful links