Further updates to Business Rates Revaluation 2026
The Cabinet Secretary for Finance has announced the following further measures in relation to Non-Domestic Business Rates & the upcoming 2026 Revaluation.
- There is to be an additional 25% relief for eligible licensed hospitality & music venues that are liable for Basic or Intermediate Property Rate (i.e. up to RV of £100,000) for the three years of the 2026 Valuation Roll. This is to be added to the already announced 15% relief to be applied to retail, hospitality and leisure relief to be applied to properties liable for the Basic or Intermediate Property Rate. This additional adjustment increases the relief for eligible licensed hospitality & music venues to 40% for the three years of the 2026 Valuation Roll; this is capped at £110,000 per business per year.
- There is to be a 15% year on year cap on the increase in gross bills for self-catering accommodation following the 2026 Revaluation; this is in place of the Revaluation Transitional Relief already announced which is to apply to non self-catering accommodation. This new self-catering Transitional Relief will therefore cap gross Business Rates liability increases at 15% for 2026/27, 32.3% in 2027/28 and 52.1% in 2028/29.
Regulations to introduce these further measures are to be laid before 1 April 2026.
Whilst these additional measures will be welcomed by a number of Ratepayers those hospitality & music venue properties with Rateable Value in excess of £100,000 will not be eligible for the additional 25% relief meaning those properties that have seen significant increase in their Rateable Values, pushing them over this threshold, will still see significant increase in their liabilities.
