Business rates explained on GOV.UK

For more information, please see the Business Rates explanatory notes (PDF, 60.92 KB)

Non domestic rates

Non-Domestic Rates, or business rates, collected by local authorities are the way that those who occupy non-domestic property contribute towards the cost of local services.

Crossrail business rates supplement (BRS)

Your rates bill will make it clear if you are liable to pay the BRS. The Crossrail BRS is applied only to assessments (for example business and other non-domestic premises) with a rateable value of over £92,000 on the local rating lists of the 32 London boroughs and City of London Corporation.

For more information, please see the Crossrail BRS explanatory notes (PDF, 72.7 KB)

Revaluation 2026

The Valuation Office Agency (VOA)has updated the rateable values of all non-domestic properties with effect from 1 April 2026. These broadly represent the open market annual rental value a property could have been let for on 1 April 2024. The next revaluation will come into effect from 1 April 2029.

The VOA may change the rateable value if the circumstances of the property have changed. The ratepayer (and certain others who have an interest in the property) can also challenge the value shown in the list if they think it's wrong.

You will not be able to lodge an appeal against your 2023 RV after 31 March 2026. 

If you disagree with your new RV (2026) you can still lodge an appeal after 31 March 2026.

You can view your new RV using the link provided below. 

Find out more about the VOA and how to make a challenge

Find out what reliefs you may be entitled to

2026 New multipliers

At the Budget on 26 November 2025, the Chancellor announced that the government would provide a package of measures to support businesses in England, worth an estimated £4.3 billion over the next five years.  

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 (RV’s) below £500k, funded by a high-value multiplier 2.8p above the national standard multiplier for properties with RV’s 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. 

Multipliers:

Contact

Town Hall, 1 Town Square, Barking, IG11 7LU

020 8227 2934

businessrates@lbbd.gov.uk