The Valuation Office (VO), part of HMRC, has published the draft 2026 rating list. This is a national update of non-domestic property values. From 1 April 2026, your business rates bill may go up, go down or stay about the same, depending on your new rateable value.
To find more information about the 2026 revaluation, check your current and future valuations, and see what to do if you think your valuation is wrong, visit Gov.uk page on business rates revaluation 2026.
Business Rates Multipliers from April 2026
The multiplier is the number of pence charged for each £1 of rateable value. It is used to work out business rates bills.
From 1 April 2026, the Government will introduce 5 multipliers. These will include:
- lower permanent multipliers for retail, hospitality and leisure (RHL) properties
- a new high‑value multiplier for properties with a rateable value of £500,000 or more
These changes will replace the previous temporary support schemes for RHL properties.
You can find more information here
2026/27 Multipliers
| Multiplier | Rate | Rateable Value (RV) range |
|---|---|---|
| Small Business RHL multiplier | 38.2p | £0 - £51,000 |
| Small Business multiplier | 43.2p | £0 - £51,000 |
| Standard RHL multiplier | 43.0p | £51,000 - £499,999 |
| Standard multiplier | 48.0p | £51,000 - £499,999 |
| High Value multiplier | 50.8p | £500,000+ |
Transitional Relief
A new transitional relief scheme will start on 1 April 2026. It will help ratepayers whose bills rise a lot because of the revaluation. It does this by spreading increases for up to 3 years.
For one year only (2026/27), a 1p supplement will be added to the relevant multiplier for all ratepayers, however those who qualify for transitional relief will have the supplement offset within their relief award. The new supplement helps pay for the scheme.
Small Business Rate Relief Changes
From 27 November 2025, businesses that move into a second property will be able to keep Small Business Rate Relief on their original property for up to 3 years. This has increased from the current limit of 1 year.
Supporting Small Business Scheme (SSB)
A new Supporting Small Business (SSB) scheme, worth over £500 million, will help the smallest businesses. It also expands support for businesses that previously received Retail, Hospitality and Leisure (RHL) relief, which is worth £1.3 billion nationally.
From 1 April 2026, increases will be capped at:
- £800, or
- the relevant transitional cap
whichever is higher.
The 2023 SSB scheme will also be extended for one year.
Pubs and Live Music Venues
In 2026/27, all pubs and live music venues will get 15% business rates relief. Bills for these properties will then be frozen in real terms for the next two years.
More information will be included with the 2026/27 annual bill. If you think you should get a relief or multiplier that has not been applied, please contact us.