Business Rates Revaluation 2026

The Valuation Office Agency (VOA) has contacted businesses to obtain rental information to support the next revaluation of business rates in England and Wales – Revaluation 2026.

The current rating list came into force on 1 April 2023. The 2023 rating list will be superseded on 1 April 2026 by a new rating list, the 2026 List. This list will set the rateable values for the next 3-year rating period, April 2026 – March 2029.

The rateable values in the 2026 list are based on rental values on 1 April 2024 (the antecedent date).

If you believe your rateable value is incorrect or want to discuss the valuation further please contact the Valuation Office Agency via the following methods:

• by telephone on 03000 501501
• use their online contact form
• visit the GOV.UK website 

Business Rates Reform 2026

At the budget 2024, the Government announced its intention to introduce two lower multipliers for Retail, Hospitality and Leisure (RHL) properties with rateable values (RVs) below £500,000. These will commence from April 2026 and give long-term certainty and support to the high street.

The Government has set out its intention for these two new lower rates to be funded sustainably. To enable this, the Government also intends to introduce a higher multiplier for all properties with RVs of £500,000 and above.

Multipliers from 2026-27 onwards

Small Business RHL Multiplier
(RHL properties only, RV below £51,000)
0.382

Small Business Multiplier
(non-RHL properties, RV below £51,000)
0.432

Standard RHL Multiplier
(RHL properties only, RV £51,000 - £499,999)
0.430

Standard Multiplier
(non-RHL properties, RV £51,000 - £499,999)
0.480

High Value Multiplier
(all properties, RV £500,000 and above)
0.508