The 2026 Rating List is now in effect, introducing updated rateable values for non domestic properties across England. For many organisations this marks a natural point to review their business rates position and understand how changes may influence future liabilities.
While the new list reflects updated market conditions, it also reinforces the importance of ensuring that both historic and current property information are accurate and well understood.
The new rating list introduces revised rateable values based on updated valuation evidence. These changes may result in increases, decreases or minimal movement depending on the property, its use and its location.
However, a change in rateable value does not always translate directly into the same level of change in business rates bills. Liability continues to be influenced by several factors, including multipliers and any applicable reliefs.
The introduction of a new rating list is often viewed as a forward looking change. However, it also provides a useful point to reflect on historic accuracy.
Business rates are calculated using property details, valuation assumptions and reliefs as they applied at the time. Where differences exist, they may have influenced liabilities across multiple financial years.
Reviewing historic positions alongside the introduction of a new list can provide reassurance that charges have been calculated consistently.
Accurate property information remains central to business rates. Changes to layout, occupation or use can affect rateable values and, in turn, liabilities.
Ensuring that records are consistent and up to date helps organisations understand how the new list applies to them and reduces uncertainty when reviewing both current and historic positions.
With the new rating list now in place, many organisations are taking the opportunity to review their business rates more closely.
This is not only to understand the impact of updated valuations, but also to confirm that historic liabilities align with the rules that applied at the time.
Inform specialises in reviewing historic business rates bills. Our audits examine past valuations, billing records and supporting evidence to confirm whether liabilities were calculated correctly and, where appropriate, support the recovery of overpayments.
If you would like to discuss a no obligation review of your business rates, please contact info@inform.services.
This information is correct at the time of publication and is based on current guidance.
