Business rates revaluation 2026

The Valuation Office Agency (VOA) regularly updates the rateable values of all business and other non-domestic properties (properties that are not just private homes) in England and Wales. This is called a revaluation.

Rateable values (RV) are the amount of rent a property could have been let for on a set valuation date. For the 2026 valuation, that date was 1 April 2024.

Enfield Council then uses these rateable values to calculate business rates bills.

Revaluations are carried out to reflect changes in the property market. This means that business rates bills are based on more up-to-date information.

The next revaluation will come into effect on 1 April 2026.

2026 to 2027 changes

Changes to multipliers

In the 26 November 2025 Budget, the Chancellor announced a support package for businesses in England. It is worth an estimated £4.3 billion over the next 5 years.

From April 2026, new retail, hospitality and leisure (RHL) multipliers will apply. These will be 5p below the national multipliers for qualifying properties with a rateable value under £500,000. This discount will be funded by a high-value multiplier, set 2.8p above the national standard multiplier, for properties with rateable values of £500,000 or more.

You can find details of which properties qualify for the RHL multipliers.

The threshold between the standard and small multipliers (less than £51,000 RV) will stay the same.

The government will bring forward regulations for the new multipliers in due course.

The non-domestic rating multipliers for 2026-27

Small business RHL multiplier: 38.2p
Standard RHL multiplier: 43p
Small business multiplier: 43.2p
Standard multiplier: 48p
High-value multiplier: 50.8p
Transitional surcharge (2026/27): 1p

Budget 2025 business rates relief package

Transitional Relief

The government is introducing a redesigned Transitional Relief scheme worth £3.2 billion. If your RV increases at revaluation, you may get relief. If eligible, your bill will be capped so you do not pay the full increase at once.

Transitional Relief Supplement

A 1p supplement will be added to the tax rate for ratepayers who do not receive Transitional Relief or Supporting Small Business (SSB) relief. This will help fund the Transitional Relief scheme. It applies for 1 year from 1 April 2026.

2026 Supporting Small Business (SSB) Relief

For 1 April 2026, bill increases for businesses losing small business rates relief or rural rate relief will be capped at £800 or at the relevant transitional relief cap, whichever amount is higher.

SSB relief has also been expanded to ratepayers losing their RHL relief.

The government has also extended the 2023 Supporting Small Business scheme by 1 year from 1 April 2026.

This support is applied before changes to other reliefs and local supplements.

100% relief for eligible electric vehicle charging points (EVCPs) and EV-only forecourts

Electric vehicle charging points (that are separately assessed by the VOA) and EV-only forecourts will get 100% business rates relief for 10 years. This ensures they have no business rates liability.

Small Business Rates Relief (SBRR) grace-period extension

The grace period for SBRR has been extended from 1 year to 3 years.

This means businesses keep SBRR on their first property for 3 years after taking on a second property. This change started on 27 November 2025.

Finding your rateable value

You are now able to see the future rateable value for your property and get an estimate of what your 2026 to 2027 business rates bill may be. You can do this through the VOA’s find a business rates valuation service on GOV.UK.

Your property details need changing

To tell the VOA about changes to your property details (such as floor area sizes and parking) you need a business rates valuation account. The VOA may accept your changes and update the current and future valuations.

You think your rateable value is too high

You need to use a business rates valuation account to tell the VOA you think your rateable value is too high. You must continue to pay your business rates as normal until a decision has been made.