Rating multipliers
Business Rates Multipliers: Qualifying Retail, Hospitality or Leisure (from 2026)
In April 2026, the government will replace Retail, Hospitality and Leisure Relief with two lower business rates multipliers for properties with rateable values below £500,000.
New Multipliers (from April 2026):
| Category | Rateable Value (RV) | Multiplier |
|---|---|---|
| Small Business RHL | Below £51,000 | 38.2p |
| Standard RHL | £51,000 – £499,999 | 43.0p |
| Large (All Properties) | £500,000 and above | 50.8p |
| Small Business (Non-RHL) | Below £51,000 | 43.2p |
| Standard (Non-RHL) | £51,000 – £499,999 | 48.0p |
Multipliers shown in pence per pound of rateable value (RV).
Properties that will benefit from the lower multipliers:
- properties that are wholly or mainly used for qualifying retail, hospitality or leisure purposes will qualify for the RHL multiplier. This is a test on the use of the property, not just on the valuation description applied by the Valuation Office Agency.
Properties that will not qualify for the lower multipliers:
- unoccupied properties
- properties with a rateable value of £500,000 or above, even if used for a qualifying retail, hospitality or leisure purpose
From 2026 the RHL multipliers are not a ‘relief’ and will be applied in accordance with government regulations. For further information on qualifying and excluded properties, please visit the following:
Business Rates Multipliers: Qualifying Retail, Hospitality or Leisure - GOV.UK
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