Revaluation and transitional relief
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Revaluation
The Valuation Office Agency (VOA) is responsible for compiling and maintaining the Non Domestic Rating list. Revaluations are carried out every three years in England and Wales to reflect changes in the property market.
On 1 April 2026, there was a revaluation which will have updated the rateable value of your property to reflect how much it would cost to let for a year around 1 April 2024. Your rates bill for 2026 to 2027 will show the new rateable value.
If you disagree with the valuation, you can challenge it with the Valuation Office Agency (VOA) by visiting their webpage How to challenge your business rates valuation - GOV.UK
Transitional relief
Transitional relief limits how much your bill will go up as a result of the revaluation. This means if your business is eligible for transitional relief, the increases to the business rates bill will be phased in gradually.
The below table shows the percentage increases applied to phase in your bill over 2026 to 2028:
| Rateable Value | 2026–2027 Percentage Cap | 2027–2028 Percentage Cap | 2028–2029 Percentage Cap |
|---|---|---|---|
| Up to £28,000 | 5% | 10% plus inflation | 25% plus inflation |
| £28,001 to £100,000 | 15% | 25% plus inflation | 40% plus inflation |
| Over £100,000 | 30% | 25% plus inflation | 25% plus inflation |
Transitional Supplement
The government is introducing a 1p supplement to the relevant tax rate for ratepayers who do not receive transitional relief or the Supporting Small Business Scheme to partially fund transitional relief. This will apply for one year from 1 April 2026.
Further information regarding this can be found on the gov website.
Last updated: 26 May 2026