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Business Rates News
The new rateable values for the 2026 Rating List are announced today, 26th November 2025 and will be available to view on the Valuation Office Agency website click here from 2.30pm. The release is timed to coincide with the Budget so there is a lot for business owners to process and we have put together a useful Q&A with Alastair Fearn, Director in our Business Rates Team to help businesses a guide as to what the rateable value means to them.
When Do the New Rateable Values Take Effect?
The new rateable values, announced today, will take effect from 1st April 2026 and are intended to last for a period of 3 years.
How Do I Know What The Rates Payable Will Be?
This depends on the size of the rateable value and also whether the business qualifies for Retail, Hospitality & Leisure Relief or Small Business Rate Relief.
How is The Rateable Value Calculated?
For the majority of buildings i.e. Offices, Warehouses, Shops & Restaurants the rateable value is based upon the rate per square metre derived from comparable evidence. For trading premises such as Pubs, Wedding Venues & Hotels, the rateable value will be based upon the trade performance of the property. On a very simple basis, the Rateable Value should reflect the rental value of the property as at 1st April 2024.
Can I Appeal The New Rateable Value?
Yes, you can appeal the rateable value from 1st April 2026. This can be done by the Valuation Office Agency website using their system which is known as Check, Challenge, Appeal.
Alastair Fearn, Director in FHP’s Business Rates Team added:-
“We have seen some large increases to rateable values, particularly in the industrial & warehousing sector and the 5 new multipliers, announced in the Budget today, creates further confusion for ratepayers. Our team are ready to provide advice to any ratepayers who want help in understanding and challenging their new rateable values.”
If you would like any further information on the 2026 Rating List or on how to appeal your existing 2023 rateable value, please contact Alastair Fearn (07917 460025 / alastair@fhp.co.uk) of FHP Property Consultants or one of the team on 0115 950 7577.
ENDS
26 November 2025