At the Budget on 26 November 2025, the Chancellor announced that the government would provide a package of measures to support businesses in England. The government announced that, from April 2026, new retail, hospitality and leisure (RHL) multipliers would be set 5p below the relevant national multipliers for qualifying properties with rateable values below £500k, funded by a high-value multiplier 2.8p above the national standard multiplier for properties with rateable values of £500,000 and above. Find details on which properties qualify for the RHL multipliers. The threshold between the standard and small multipliers (less than £51,000 RV) will not change. The regulations to give effect to the new multipliers will be made in due course.
The Non-Domestic Rating Multipliers for 2026/27 will be as follows:
- Small business RHL multiplier: 38.2p
- Small business non-domestic rating multiplier: 43.2p
- Standard RHL multiplier: 43.0p
- Standard non-domestic rating multiplier: 48.0p
- High Value Multiplier (RV over £500,000) 50.8p