Business rates revaluation 2026 : what you need to know
What is a revaluation
A revaluation is a regular review of rateable values for all non-domestic properties in England and Wales.
It takes into account changes in the rental market and redistributes the total amount of business rates between properties to reflect those changes.
Most non-domestic properties pay business rates. This includes:
- shops
- offices
- pubs
- warehouses
- factories
- holiday rental homes or guest houses
- beach huts
- stables
You usually pay business rates if you use a building, part of a building, or land for non-domestic purposes.
How the VOA values a property
The Valuation Office Agency (VOA) calculates a property’s rateable value, which is the estimated rent a property could have been let for on a set valuation date. For the 2026 revaluation, this date is 1 April 2024.
The VOA analyses the rental market to ensure rateable values reflect market conditions accurately.
Updating your property information
You cannot challenge your 2026 valuation until 1 April 2026. However, you can:
- update the details the VOA holds about your property
- raise a Check against your 2023 valuation if you believe your current valuation is incorrect
This can be done through your Business Rates Valuation Account.
You can also compare your property’s rateable value with similar properties in the area and see how the VOA calculated your valuation. The VOA has improved how this information is displayed to make it easier to understand.
Valuation date
The valuation date for the 2026 revaluation is 1 April 2024. This is set by the government, usually two years before a revaluation, to allow time for data collection and analysis.
How your business rates bill is calculated
Your business rates bill is calculated by multiplying your property’s rateable value by a multiplier. The multiplier is set by the UK Government in England and the Welsh Government in Wales.
Viewing your property’s rateable value
You can see your property’s current and future rateable value and estimate your business rates from 1 April 2026 using the VOA’s .
Reporting changes to your property
If your property has changed (for example, the floor area has changed), you can update the details using a .
.
My rateable value is too high
If you think your rateable value is too high, you can:
- raise a check against your 2023 valuation
- correct any incorrect details the VOA holds about your property using a
Changes to your 2023 valuation could affect your future valuation from 1 April 2026. Continue paying your business rates until your case is resolved. Any refund due will be calculated and issued by your local council.
Why do similar properties have different rateable values
Properties can have different rateable values due to factors such as:
- size
- location
- rental market conditions
Business rates reliefs
There are several types of business rate relief. You can find further information on .
Some reliefs are applied automatically, and some you need to apply for. You should never have to pay anyone to apply for relief.
Using an agent
You can manage your business rates yourself. If you want to appoint an agent, the VOA has 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
Page last updated: 2 November 2025