Business rates revaluation 2026

Revaluation is the term used to describe the regular review of rateable values for all non-domestic properties in England and Wales.

Revaluation takes account of any changes in the rental market and redistributes the total amount of business rates paid between different properties to reflect those changes.

Business rates are charged on most non-domestic properties. Properties like:

• shops

• offices

• pubs

• warehouses

• factories

• holiday rental homes or guest houses

• beach huts

• stables

You’ll probably have to pay business rates if you use a building, part of a building or land for non-domestic purposes.

The VOA values a property by its rateable value. Rateable values are the amount of rent a property could have been let for on a set valuation date. For the 2026 revaluation, that date is 1 April 2024.

To calculate the rateable value, the VOA analyses the rental property market to ensure that rateable values reflect the market accurately.

Legally, it’s not possible to challenge your valuation until 1 April 2026, which is the date the 2026 rating list takes effect.

It is still possible to update the details the VOA has about of your property or tell them if you think your valuation is wrong raising a Check against your 2023 valuation. You can do this through your business rates valuation account.

You can also compare your property’s rateable value with similar properties in the area and check how the valuation was calculated. The VOA has improved how they display this information to make it easier for you to understand how your property’s rateable value was calculated.

Revaluation does not raise extra revenue. Revaluation takes account of any changes in the rental market and redistributes the total amount of business rates paid between different properties to reflect those changes.

The revaluation date for 2026 is 1 April 2024. The government sets the valuation date usually two years before a revaluation to allow time for data collection and analysis.

Your bill is calculated by taking your rateable value and multiplying this by a value known as a multiplier. This is set by the UK Government in England and the Welsh Government in Wales.

You can now see your property’s future rateable value and get an estimate of what your business rates bill may be from 1 April 2026.

Go to the VOA’s find a business rates valuation service.

If a property has changed, for example its floor size is different, then you can tell the VOA using a business rates valuation account. There is information explaining how to set up a business rates valuation account on GOV.UK.

If you think your future rateable value is too high, you can get in touch with the VOA using a business rates valuation account. While you can't challenge your 2026 valuation until 1 April, you can let us know the details we hold about your property are wrong by raising a Check against your 2023 valuation.

Any changes made to your 2023 valuation could result in your rateable value going up or down. This may also affect your future valuation from 1 April 2026.

You must continue to pay your business rates as normal until a decision has been made on your case. If you are due a refund when your case is resolved this will be calculated and issued by your local council.

When calculating a rateable value, the VOA considers how much a property could be let for, on a set date. The rateable value of properties can vary for a number of reasons like size or location.

There are several types of business rates relief. You can find further information on GOV.UK.

Some reliefs are applied automatically and some you need to apply for. You should never have to pay anyone to apply for a relief.

You can manage your business rates yourself. If you want to appoint an agent, the VOA has published information about how to choose a business rates agent.

If you want to authorise an agent to act on your behalf, you can appoint one using a business rates valuation account.