Business Rates Revaluation 2026/27

Business Rates Rateable values are changing. Find out more about the next revaluation, which will take effect from 1 April 2026.

The Valuation Office Agency (VOA) carries out revaluations on all properties in the Non-domestic (Business) Rating List every three years. At a revaluation, the VOA updates the rateable values of all non-domestic properties to make sure they reflect market values.

Regular revaluations mean that the most up-to-date information is used to calculate business rates bills. The next revaluation will take effect from 1 April 2026. 

Properties are rated based mainly on rental values as of 1 April 2024, known as the Antecedent Valuation Date (AVD). For more information on how your property has been valued, visit the Valuation Office Agency website. 

The Valuation Office Agency has now issued a draft revaluation list, and the new value of each property can be viewed on their website.

2026/27 multipliers

At the Autumn Budget 2024, the Government announced its intention to introduce permanently lower business rates multipliers (tax rates) for retail, hospitality, and leisure properties (RHL hereditaments) with rateable values under £500,000 from 2026/27. 

These multipliers will replace the temporary Retail, Hospitality and Leisure (RHL) business rates relief that was set at a 40% reduction for 2025/26. The new RHL multipliers, which will be set 5p below the national multipliers, will provide certainty and stability for businesses.

For 2026/27 only, any ratepayer not receiving Transitional Relief or Supporting Small Business Relief will have their rates multiplier increased by a Transitional Relief Supplement of 1p. 

The 2026/27 multipliers have been confirmed as follows:

Multiplier	2025/26	2026/27	Scope
Small business RHL multiplier	N/A	38.2p	RHL hereditaments with rateable values under £51,000
Standard RHL multiplier	N/A	43.0p	RHL hereditaments with rateable values between £51,000 and £499,999
National small business multiplier	49.9p	43.2p	Non-RHL hereditaments with rateable values under £51,000
National standard multiplier	55.5p	48.0p	Non-RHL hereditaments with rateable values between £51,000 and £499,999
High-value multiplier	N/A	50.8p	All hereditaments with rateable values of £500,000 or above

2026/27 business rates relief package

The Government has introduced the following schemes, which will come into effect from 1 April 2026:

Transitional Relief

Transitional Relief is intended to support ratepayers facing large bill increases due to the revaluation. The Government is introducing a redesigned Transitional Relief Scheme worth £3.2 billion. A Transitional Relief Supplement of 1p will be added to the relevant multiplier in 2026/27 for ratepayers who do not receive Transitional Relief, or the Supporting Small Business Scheme to partially fund the Transitional Relief Scheme. 

Your bill can change each year and depends on:

1. your property's rateable value; and
2. whether your bill is increasing or decreasing due to the revaluation.

You stop getting Transitional Relief when your bill reaches the full amount set by a revaluation.

Transitional Relief is applied based on the increase in your bill as if no other reliefs applied to your account, so it does not use your actual rates paid. 

Maximum increases in Rates Bill following revaluation, not including any other reliefs

Rateable Value	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

 

More information about the 2026 Transitional Relief Scheme can be found on the GOV.UK website.

2026 Supporting Small Business Scheme (SSB relief)

This relief caps the increase in rates for businesses that lose some or all of their Small Business Rates Relief (SBRR), Rural Rate Relief, or Retail Relief (RHL) as a result of their RV changing in the revaluation. This caps the increase in your bill at either £800 per year or the relevant Transitional Relief percentage as shown above, whichever is higher.

The Government has also announced a one-year extension of the 2023 Supporting Small Business Scheme to 1 April 2027. Ratepayers who qualify for this extension will not qualify for the three-year 2026 SSB scheme. This support is applied before changes in other reliefs and local supplements. More information on SSB can be found on the GOV.UK website.

100% relief for eligible electric vehicle charging points and Electric Vehicle Only Forecourts (EVCP relief)

A ten-year 100% business rates relief for EVCPs, which are separately assessed by the VOA and Electric Vehicle Only Forecourts to make sure that they face no business rates liability. 

Extending Small Business Rates Relief (SBRR) grace period

Since 2014, businesses that take on additional properties, which would normally mean the loss of their Small Business Rate, keep their existing Small Business Rate Relief for a 12-months 'grace period' after taking on the additional property. This grace period has been extended to 3 years for ratepayers who take on additional properties on or after 27 November 2025 only.