The purpose of the revaluation is to update Rateable Value valuations with a new valuation date of April 2024 (April 2025 in Scotland). The new Rateable Values will be published in the Draft Rating List alongside the Budget on 26 November 2025.
We are expecting the Government to announce new tax rates alongside a raft of changes to the charging rules.
The most significant change will be the ending of Retail Relief and its replacement with a number of new tax rates. These will favour retail, hospitality and leisure properties with a rateable value below £500,000 in the 2026 Rating List.
The relief will be funded by increased tax rates for larger properties of all types. The government’s approach to implementing the higher tax rates has not yet been announced, but may be as much as an additional 10p on the standard multiplier. We may well see the higher rate applied as a “top-slice” to prevent the cliff-edge increases in liability that currently happen when the Rateable Value thresholds are passed.
Once the new Rateable Values and charging rules are published, DWD will be able to provide clients with reliable budget figures for the 2026/27 rate year and estimated figures for future periods.
In the meantime, appeals against current 2023 Rating List assessments need to be lodged before the end of March 2026.
