At the Budget on 26th November 2025, the Chancellor of the Exchequer confirmed the changes to business rates from April 2026 as follows:
Prior to April 2026, there are two multipliers based on property rateable value (RV). From April 2026, there will be five multipliers which reflect both business type and property value as shown in the table below:
| Multiplier | 2025-26 | 2026-27 | Scope |
|---|---|---|---|
| Small business RHL multiplier | 38.2p | RHL properties with RV's under £51,000 | |
| Standard RHL mulitplier | 43.0p | RHL properties with RV's between £51,000 and £499,999 | |
| National small business multiplier | 49.9p | 43.2p | Non-RHL properties with RV's under £51,000 |
| National standard multiplier | 55.5p | 48.0p | Non-RHL properties with RV's between £51,000 and £499,999 |
| High-value multiplier | 50.8p | All properties with RV's of £500,000 or above |
Note 1: RHL means Retail, Hospitality and Leisure. More information can be found on GOV.UK.
Note 2: From April 2026, Retail, Hospitality and Leisure relief, which was a 40% reduction for 2025/26, will cease as the new multipliers are designed to give eligible businesses long-term certainty.
Note 3: Rateable Values (RVs) are set by the Valuation Office Agency and not the Council. Information relating to rateable value appeals can be found on our RV Appeals page.