Business Rates Revaluation 2026 - what does it mean for you?
The Valuation Office will publish your new 2026 Rateable Value towards the end of this year, which will take effect on 1 April 2026. This represents your property’s Rental Value as of 1st April 2024. The Rating List will last for 3 years.
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As at the Valuation Date, 1st April 2024, we were in a period of great instability arising from the Conservative Government leadership of Boris Johnston , Liz Truss and Rishi Sunak and the decision announced, in May 2024, by Rishi Sunak to hold a General Election in July 2024. The period prior to 1st April 2024 was one where Inflation was running at record highs during 2022 and we were all being faced with high energy costs and the problems caused by the war in Ukraine.
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We would expect to see the Revaluation result in a general reduction in Rateable Values for the Retail, Leisure and Hospitality sector but we expect rises in Rateable Values within the Office and Factory/Warehouse sectors.
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​Whilst the Non Domestic Rating Act 2023 was passed almost 3 years ago, we have yet to see the Valuation Office introduce a Duty to Notify. We expect this to now be introduced during the course of the 2026 Rating List and will require Ratepayers to annually notify the Valuation Office of any errors, omissions or changes to their property details.
This new Regulation will also require Ratepayers to advise the Valuation Officer of any properties not included in the Rating List and therefore not valued.
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DUTY TO NOTIFY REASONS
This list is by no means exhaustive, but I am sure you’ll agree that to fulfil these onerous annual requirements is going to be exceedingly time-consuming for Ratepayers. There will be a further requirement to confirm every April that you have complied with any relevant
There will be a further requirement every year to provide any changes to your rental details to the Valuation Officer. We wait to see whether this will remove the requirement to complete Forms of Return or whether on receipt of this information it will require a fresh Form to be completed.
In view of the proposed annual Duty to Notify it is, therefore, more imperative than ever that you look at instructing a Rating Agent for the 2026 Rating Period.
At Evans & Payne LLP, we can prepare our assessment of your property in advance of any possible increase in your business rates liability. We can appeal to them immediately. The Regulations relating to changes to Rateable Value are exceedingly complex and Evans & Payne can advise you and help you to mitigate any potential increase.
Please do contact us at the earliest opportunity for us to review your Business Rates liability position preferably in advance of the 2026 Business Rates Revaluation coming into effect on the 1st of April 2026.
Please either call us or email us and we will be happy to assist you.
Please either call us or email us and we will be happy to assist you.
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020 7486 9597
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