Business Rates Reform – Effective April 2026

Government intends to introduce two lower business rates multipliers for Retail, Hospitality and Leisure (RHL) properties. The multiplier applied to RHL properties will be reduced.

There will be two lower business rates multipliers for RHL properties with rateable values (RVs) below £500,000.

• Small business RHL multiplier – RVs under £51,000.
• Standard RHL multiplier – RVs £51,000 to £499,999.

Multiplier rates for these bandings will be confirmed in the budget and it is not guaranteed that farm parks will be included within the RHL sector.

Government guidance can be found here: https://www.gov.uk/guidance/business-rates-multipliers-qualifying-retail-hospitality-or-leisure

For expert help or advice:-

Barry Davies BSc (Agric), MRICS, FAAV, IRRV
Davies & Co., Chartered Surveyors
📞 01536 524808
📧 info@daviesandco.co.uk
🌐 www.daviesandco.co.uk