Business Rates Revaluation 2026
In November 2025, the Chancellor announced new multipliers to calculate Business Rates. These apply from 1st April 2026.
As well as the Small Business and Standard Multiplier there are three new multipliers. These are:
- Small Business Retail Hospital & Leisure (RHL)
- Standard Retail Hospital & Leisure (RHL)
- Higher Value Multiplier.
The thresholds and amounts for these are in the below table.
2026/27 Multipliers
|
Multiplier type |
Rateable Value range |
Multiplier rate |
|---|---|---|
|
Small Business RHL multiplier |
Under £51,000 |
38.2p |
|
Small Business multiplier |
Under £51,000 |
43.2p |
|
Standard RHL multiplier |
£51,000 to £499,999 |
43.0p |
|
Standard multiplier |
£51,000 to £499,999 |
48.0p |
|
High Value multiplier |
£500,000 or over |
50.8p |
The government has also released guidance on types of businesses it deems to fall into the category of Retail, Hospitality and Leisure. You can read this guidance on Gov.uk [external link]
Please note: The council has reviewed its property database and determined which multiplier applies to each business. You do not need to complete an application form for these changes. Your bill will be adjusted automatically.
Pubs and live music venues relief
The government announced that in 2026-27, eligible pubs and live music venues will benefit from a 15% business rates relief. This is on top of the support announced at Budget 2025. Their bills will then be frozen in real terms for a further 2 years.
You can find out more about the support announced on Gov.uk [external link]
Please note: The council has reviewed its property database and identified which businesses qualify for this relief. This will show on the annual bill when issued in March. If you think this is not showing on your bill you can contact us via the enquiry form.
Other changes announced in the budget:
2026 Supporting Small Business Scheme (SSB relief)
This scheme caps any increase at the higher of £800 or the relevant transitional relief caps, from 1st April 2026
The SSB relief scheme has also been expanded to ratepayers losing the Retail Hospitality and Leisure (RHL) Relief.
The government has also announced a one-year extension to the 2023 SSB Scheme from 1st April 2026.
Small Business Rate Relief (SBRR)
The time businesses can keep their Small Business Rate Relief on their original property after taking on a second property has been extended from one year to three years. This change applies to businesses that move into a second property on or after 27 November 2025.
Transitional Relief
The chancellor announced support for ratepayers facing large bill increases at the revaluation. This will see the phasing of the increase over a maximum of three years.
|
For properties with a rateable value of: |
2026-27 |
2027-28 |
2028-29 |
|---|---|---|---|
|
Up to £20,000 |
5% |
10% (plus inflation) |
25% (plus inflation) |
|
£20,001 to £100,000 |
15% |
25% (plus inflation) |
40% (plus inflation) |
|
Over £100,000 |
30% |
25% (plus inflation) |
25% (plus inflation) |
These caps will apply before changes in other reliefs and local supplements
Transitional Relief Supplement
A 1p increase will be added to the relevant multiplier for businesses that do not receive transitional relief or support under the small business scheme. This increase helps fund the transitional relief scheme and will apply for one year only, from 1 April 2026.
You can find further information on the changes announced in the budget on Gov.uk [external link]
If the government announce any changes, this page will be updated in due course.
For valuation queries such as;
- information on the 2026 revaluation
- how to check your current and future valuations
- what to do if you think this is wrong
please visit the gov.uk website [external link]