Overview of Business Rates
Business Rate Multipliers
Local authorities calculate your business rates bill by multiplying the rateable value of your property by the appropriate multiplier. From April 2026, there are five different multipliers. These are based on rateable value and business type:
|
Business Type |
Category |
Rateable Value (RV) |
Multiplier |
|
Retail, Hospitality & Leisure |
Small Business |
Below £51,000 |
38.2p |
|
Standard |
£51,000 to £499,999 |
43.0p |
|
|
Non-Retail, Hospitality & Leisure |
Small Business |
Below £51,000 |
43.2p |
|
Standard |
£51,000 to £499,999 |
48.0p |
|
|
All properties |
Large |
£500,000 and above |
50.8p |
Your multiplier is shown on the front of your bill.
The following properties that will benefit from the Retail, Hospitality & Leisure (RHL) multipliers:
- properties that are wholly or mainly used for qualifying retail, hospitality or leisure purposes (this is a test on the use of the property, not on the valuation description applied by the Valuation Office Agency)
The following properties will not qualify for the RHL multipliers:
- unoccupied properties
- properties with a rateable value of £500,000 or above, even if used for a qualifying RHL purpose
For further information on qualifying and excluded properties, please visit the GOV.UK website: www.gov.uk/guidance/business-rates-multipliers-qualifying-retail-hospitality-or-leisure
Transitional Relief Supplement:
There will be 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 from 1 April 2026.