Act Quickly: 2026 Business Rates Revaluation Deadline Approaching

Business Rates Revaluation

Business Rates Revaluation Impact

Discover where business rates are rising, falling, and shaping commercial decisions, using our interactive heat maps.

Explore Business Rates Revaluation Impact

Getting Ready for the 2026 Revaluation

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Key Dates

The Valuation Office Agency (VOA) will revalue business rates in April 2026.
Appeals against current business rates must be submitted by 31 March 2026.
A draft rating list will be released in late November / early December 2025.

Market Trends: Expect varied impacts based on headline rental values from 2021 to 2024

Prime Offices: +10%
Prime Retail: Stable (0%)
Prime Industrial & Logistics: +25%

Important Changes from 2026

Duty to Notify: Rate payers must report changes within 60 days, fully effective by 2029. A business rates strategy is crucial.

Following engagement with the VOA we have been provided with information on the roll out plans for phased testing and introduction.

Please see below the detailed information for the journey from now to April 2029:

Legislative Updates

The Non-Domestic Rating (Multipliers and Private Schools) Act 2025 allows for a new multiplier system in 2026, providing relief for hospitality with Rateable Values under £500,000, whilst potentially increasing burdens for all properties with Rateable Values over £500,000.

Estimated Multipliers for 2026

	Small: RV below £51,000	Standard: RV £51,000-£499,999	Large: RV above 500k
England RHL	0.382	0.43	0.508
England	0.432	0.48	0.508
Greater London RHL	0.382	0.43*	0.528
Greater London	0.432	0.48*	0.528
City RHL**	0.411	0.462	0.528
City**	0.461	0.512	0.528

Transitional Relief: A 1p supplement will be applied to the relevant tax rate for those not receiving TR to all the above
*Additional 2p for Cross Rail Supplement RV over £92k
**City Supplement added for properties within the City of London (Small 2.9p, Large 3.2p)

Action Points to Minimise Costs

Appeal deadline: Submit appeals for business rates by 31 March 2026.
Refurbishment relief: Initiate appeals for business rates liabilities during refurbishment before 31 March 2026.
Proactive planning: Prepare for the Duty to Notify requirement by 2029, leveraging its introduction in 2026.

Act quickly to maximise your savings and ensure compliance!

Get in Touch

Get in touch for support and prepare your property tax affairs for the upcoming 2026 revaluation.

Contacts

Tim Attridge

Executive Director

Phone +44 2071822717

Mobile +44 7733 102 646

Email
Tim Harding

Head of Occupier Rating London

Mobile +44 7887 848 918

Email

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Business Rates

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The Government confirmed that the Valuation Office Agency’s (VOA) revaluation of Business Rates proceeded in April 2023. Appeals against the then-current level of business rates payable had to be lodged before 31 March 2023.

There were no limits applied to falling rateable values, meaning those with reduced rateable values benefited in full from the 2023 revaluation.

For those with rising rateable values (RVs), the scheme capped year-on-year increases in rates liability at 30% for large properties.

As with every revaluation, there were winners and losers. Business rates are based on rental values, and the revaluation reflected movements in rental markets between 2015 and 2021. Retailers were the major beneficiaries, while the Industrial and Logistics (I&L) sector was hardest hit. The national averages for RV movement as of April 2023 were: Retail down 10%, I&L up 27%, Offices up 10%.

These were general trends, with some more extreme movements:

Prime Offices were up 30%
Prime Retail was down 40–60%
Prime I&L was up 60%

Minimising Business Rates Costs

The deadline for appeals against business rates paid since 1 April 2017 was 31 March 2023.
Business rates liabilities could be removed during refurbishment works—this could be applied retrospectively, but appeals had to be raised before 31 March 2023.

Rateable values effective from 1 April 2023 became available for review and could be challenged under certain circumstances.

Act Quickly: Business Rates Revaluation Deadline Approaching