- Business Rates
Business Rates
From 1 April 2026 there are now five multipliers instead of the previous two (please see below). The Government sets the multipliers for each financial year. Further information can be found on the Government’s website by clicking this link 2/2026: Notification of Non-Domestic Rating Multipliers for 2026/27 - GOV.UK (Opens in a New Window)
| Category | Rateable Value (RV) | Multiplier |
|---|---|---|
| Small Business Retail, Hospitality and Leisure | Below 51,000 | 38.2p |
| Standard Retail, hospitality and Leisure | 51,000 to 49,999 | 43.0p |
| Small Business non Retail, Hospitality and Leisure | Below 51,000 | 43.2p |
| Standard non Retail, Hospitality and Leisure | 51,000 to 49,999 | 48.0p |
| Large (all properties) | 500,000 and above | 50.8p |
The government also announced that a 1p Transitional Relief Supplement will apply in addition to the relevant multiplier to partially fund Transitional Relief. This will apply for one year from 1 April 2026.
From April 2026, all pubs and live music venues will benefit from a 15% business rates relief. Bills will then be frozen in real terms for a further 2 years. To find out if you're eligible, visit pubs and live music venues relief (GOV.UK) (Opens in a New Window).
| Year | Standard Multiplier | Small Business Rates Multiplier |
|---|---|---|
| 2025/26 | 55.5 | 49.9 |
| 2024/25 | 54.6 | 49.9 |
| 2023/24 | 51.2 | 49.9 |
| 2022/23 | 51.2 | 49.9 |
| 2021/22 | 51.2 | 49.9 |
| 2020/21 | 49.9 | 51.2 |
The Valuation Office Agency assess the rateable value of a property. They revalue all properties periodically to ensure the Rating List keeps pace with changing property values. The new Rating List is due to come into force on 1 April 2026.
If your require further information please check out this introduction to business rates.(Opens in a New Window)
To check the rateable value of a property please visit the Valuation Office Agency's website.