About your business rates

Your annual business rates bill is calculated by multiplying the rateable value of the property by the appropriate multiplier. The rateable value of your property is shown on your bill and usually represents the annual rent for which the Valuation Office considers the property could have been let for on a particular date.

Up to 31 March 2026, the rateable values will be based on the valuation date of 1 April 2021.

From 1 April 2026, the rateable values will be based on the valuation date of 1 April 2024.

If you think your rateable value is incorrect, you can find and view your property details on the link below:

Find and correct your business rates valuation

From 1 April 2026, the UK Government will introduce five new business rates multipliers.

These changes are part of wider reforms to create a fairer, more modern system that supports investment and protects the high street.

There will be five multipliers reflecting both business type and property value.

New Multipliers 

The non-domestic rating (business rates) multipliers for 2026/27 will be as follows:

• Small business RHL multiplier: 38.2p, rateable value under £51,000
• Small business multiplier: 43.2p, rateable value under £51,000
• Standard RHL multiplier: 43p, rateable value £51,000 to £499,999
• Standard multiplier: 48p, rateable value £51,000 to £499,999
• High value multiplier: 50.8p, rateable value £500,000 or over

Transitional Relief Scheme for 2026/27

The final bill may be subject to the government's Transitional Relief Scheme. This works by comparing the amount of Business Rates that were paid in the previous year with the rate that is due in the current year.

To support ratepayers facing large bill increases upon revaluation, the government is introducing a redesigned Transitional Relief Scheme. The Transitional Relief caps will be as follows for properties with a rateable value of:

• Up to £20,000 (£28,000 in London): in 2026-27 - 5%, in 2027-28 - 10% (plus inflation), in 2028-29 - 25% (plus inflation)
• £20,001 (£28,001 in London) to £100,000: in 2026-27 - 15%, in 2027-28 - 25% (plus inflation), in 2028-29 - 40% (plus inflation)
• Over £100,000: in 2026-27 - 30%, in 2027-28 - 25% (plus inflation), in 2028-29 - 25% (plus inflation)

Business Rates Transitional Relief Supplement

The government is introducing a 1p supplement to the relevant tax rate for ratepayers who do not receive Transitional Relief or the Supporting Small Business Scheme to partially fund Transitional Relief. This will apply for one year only from 1 April 2026.

Prior to 1 April 2026, there were two multipliers based on property rateable value:

Small business multiplier: for properties with a rateable value (RV) below £51,000

Standard multiplier: for properties with an RV of £51,000 and above