Non-domestic rates for 2026/27
The government has increased the number of multipliers from two to five from 1 April 2026. Two of the new multipliers are for the retail, hospitality and leisure (RHL) sector only and these new reduced RHL multipliers replace the 40% retail, hospitality and leisure discount that ends on 31 March 2026. The multipliers for 2026/27 are as below.
| Type | Rateable Value | 2025 Multiplier | 2026 Multiplier |
| Small Business RHL | Up to £50,999 | N/A | 38.2 |
| Small Business | Up to £50,999 | 49.9 | 43.2 |
| Standard RHL | £51,000 to £499,999 | N/A | 43.0 |
| Standard | £51,000 to £499,999 | 55.5 | 48.0 |
| High Value | £500,000 and over | N/A | 50.8 |
2026 Revaluation
The Valuation Office, which is part of HM Revenues and Customs, updates the rateable values of non-domestic properties in England and Wales every three years. This is known as a revaluation.
Rateable values are the amount of rent a property could have been let for on a set valuation date. For the 2026 revaluation, that date is 1 April 2024.
Rateable values are used by local councils to calculate business rate bills. Using this value as a basis, local councils will apply a standard percentage or ‘multiplier’ and details of any reliefs and discounts to give the amount to be paid.
Revaluations make sure that these bills are based on up-to-date information.
A change in your rateable value does not always mean a change in your bill.
How to access information about your business rates valuation
You can view your property’s current rateable value through the find a Business Rates Valuation on the GOV.UK website.
Some businesses are eligible for a reduction in their business rates bill. For more information please see our Business rates reliefs and exemptions page.
Who pays business (non-domestic) rates
People who use a business building usually pay the rates. This can be the owner or someone renting it. If the building is empty, the owner or renter still pays the rates. Portsmouth City Council collects the rates.
How to pay business rates bill
You can pay business rates by direct debit. If you don’t already pay this way and want to, you can set it up online. Set up or change your direct debit for business rates.
Paying by internet banking or BACS
You can use your reference number and our bank details:
- Account name: Portsmouth City Council
- Sort Code: 20-69-57
- Account number: 23526623
Paying by debit card
You can pay by debit card on our website, or use our automated phone service, available 24 hours a day – call 0800 876 6576 and follow the voice prompts.
Have your card details and reference number ready.
Documents
Discretionary Non-Domestic Rate Relief Policy
Contact us
For more information, contact the business rates team at BusinessRatesTeam@portsmouthcc.gov.uk.