Business rates revaluation

Your business rates may change from April 2026

The Valuation Office Agency (VOA) updates the rateable values of non-domestic properties in England and Wales every three years. This is known as a revaluation. Revaluation helps to redistribute the amount paid in business rates across sectors and regions.

Rateable values are based on how much it would cost to rent a property for a year on a set valuation date. For the 2026 revaluation, that date is 1 April 2024. New rateable values will come into effect on 1 April 2026, but there are actions you can take to prepare.

The Valuation Office assesses the rateable value of a business premises, and therefore the council cannot help with the revaluation of a property; you must go directly to them.

You can view your property’s current and future rateable value at Find a business rates valuation (GOV.UK). Use this link for information on how your properties is valued and what to do if you think it is wrong.

Calculate your business rates

Your rateable value is not the amount you have to pay. To calculate your business rates, follow these steps:

1. Find your Rateable Value (RV)
2. Apply the multiplier – using the multiplier table below for 2026
3. Apply reliefs

From April 2026 the government is introducing two lower business rates multipliers for Retail Hospitality and Leisure properties (hereditaments) with rateable values (RVs) below £500,000.

Information regarding business rates changes for 2026

Transitional Relief 2026
To support ratepayers facing large bill increases at the revaluation the government is introducing a redesigned Transitional Relief scheme. This relief will be automatically awarded and will show on the 2026 New Year bill.

If your bill is increasing from 1 April 2026 to 31 March 2029.

Transitional Relief Supplement
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.

2026 Supporting Small Business Scheme (SSB relief)
Bill increases for businesses losing some or all their small business rates relief or rural rate relief will be capped at the higher of £800 or the relevant transitional relief caps from 1 April 2026. The 2026 SSB relief scheme has been expanded to ratepayers losing their RHL relief. The government has also announced a one-year extension of the 2023 Supporting Small Business scheme from 1 April 2026. This support is applied before changes in other reliefs and local supplements. This relief will be automatically awarded and will show on the 2026 New Year bill.

100% relief for Eligible Electric Vehicle Charging Points and Electric Vehicle only forecourts (EVCP relief)
A ten-year 100% business rates relief for EVCPs separately assessed by the VOA and Electric Vehicle only forecourts to ensure that they face no business rates liability. This relief will be automatically awarded and will show on the 2026 New Year bill. However if you believe you are eligible and have not received this please email rates@basingstoke.gov.uk

A high-value business rates multiplier for properties with rateable values of £500k and above at 2.8p above the national standard multiplier.

Extending the Small Business Rates Relief (SBRR) grace-period from one to three years, meaning businesses will now remain eligible for SBRR on their first property for three years after expanding into a second property.

Small business rates relief is only applicable for rateable values as shown below:

You may lose this relief if your RV is increased for the 2026 list.