New calculation for Business Rates from 1st April 2026
On 26 November 2025, the Chancellor of the Exchequer announced new multipliers that every council must use to calculate Business Rates for businesses across the country.
From 1 April 2026, every business that is classed as Retail, Hospitality or Leisure will have their bill calculated by using a smaller multiplier and have a smaller bill to pay.
The following multipliers will be used to calculate your bill:
|
Multiplier |
From 1st April 2026 |
Scope |
|---|---|---|
|
Small business RHL multiplier |
38.2p |
RHL hereditaments with RVs under £51,000 |
|
Standard RHL multiplier |
43p |
RHL hereditaments with RVs between £51,000 and £499,999 |
|
National small business multiplier |
43.2p |
Non-RHL hereditaments with RVs under £51,000 |
|
National standard multiplier |
48p |
Non-RHL hereditaments with RVs between £51,000 and £499,999 |
|
High-value multiplier |
50.8p |
All hereditaments with RVs of £500,000 or above |
Check if your business qualifies
Find out if your business is classed as Retail, Hospitality or Leisure by reading the official guidance on GOV.UK: Business Rates Multipliers: Qualifying Retail, Hospitality or Leisure - GOV.UK
Apply for the smaller multiplier
If you believe your business should be classed as Retail, Hospitality or Leisure please contact us at lccnndr@preston.gov.uk
Important note
Even if your business does not currently pay Business Rates, please contact us to let us know if it falls within the Retail, Hospitality or Leisure categories.
Last updated: 08 December 2025