The Autumn Budget has landed, and it’s a game-changer for businesses across England. From April 2026, the way we pay business rates will look very different. Here’s what you need to know—and why it matters.

From Slab to Slice: A New System

The government is scrapping the old “slab” multiplier and introducing a banded ‘slice’ system, similar to income tax bands. This means:

• Five multipliers will apply based on rateable value (RV) and property type:
  • Two for small businesses (RHL and non-RHL, RV < £51,000)
  • Two for standard properties (RHL and non-RHL, RV £51,000–£500,000)
  • One higher multiplier for RV > £500,000, capped at no more than 10p above the standard rate.

This reform aims to remove the “cliff edge” effect and encourage investment in property improvements.

Permanent Lower Rates for Retail Hospitality and Leisure

One of the biggest wins for high street businesses: permanent lower multipliers for Retail, Hospitality & Leisure (RHL) properties. This is not an extension of the current relief scheme—it’s a structural change.

• RHL multipliers will be set 5p below the national rate for properties under £500,000 RV. [assets.pub…ice.gov.uk]
• No more annual uncertainty about relief renewals.
• Large RHL properties (RV > £500k) will pay the standard or higher multiplier. [questions-…liament.uk]

This shift gives certainty and stability for planning long-term.

Other Key Measures

• £4.3bn Transitional Relief to cap bill increases for sectors hit hardest by revaluation. [gov.uk]
• EV Infrastructure: 10-year 100% business rates relief for chargepoints and EV-only forecourts. [gov.uk]
• Film Studios: 40% relief extended for one year. [gov.uk]
• Capital Allowances: Permanent 40% First Year Allowance + £1m Annual Investment Allowance retained. [gov.uk]

Winners and Losers

• Winners: Small retailers, hospitality, leisure—thanks to permanent lower multipliers.
• Losers: Large logistics hubs, supermarkets, and high-value commercial premises—expect higher bills under the new higher multiplier.

What Should You Do Now?

1. Review the draft 2026 Rating List
2. Model scenarios for your properties under the new slice system.
3. Factor in transitional relief and sector-specific incentives.
4. Prepare for compliance with Making Tax Digital and rising employment costs.

Bottom Line

This Budget marks the most significant overhaul of business rates in decades. For many, it’s good news—but for others, it’s time to plan ahead. Our team can answer your questions on 0808 175 6434.