Retail, hospitality and leisure multipliers for 2026/27

At the 2024 Autumn Budget, the UK Government announced that from 2026/27 the existing Business Rates relief for retail, hospitality or leisure (RHL) properties would be replaced by two lower business rates multipliers for properties with rateable values below £500,000.

Please see the guidance about business rates multipliers for retail hospitality and leisure properties.

Properties that are wholly or mainly used for qualifying retail, hospitality or leisure purposes will qualify for the lower multipliers. This is a test on the use of the property, not just on the valuation description applied by the Valuation Office Agency.

Only occupied properties can qualify for a lower multiplier.

Last updated 03 February 2026