Welcome to the Business Rates page at the City of London Corporation 

Here you can find all information relating to Business Rates, including, but not limited to, how your bill is calculated, whether you can apply for relief, how to pay, what happens if you do not pay, and how to contact us. 

Important changes from 2026

Central Government have announced several changes that come into affect from the 1 April 2026. These are summarised below and have links to the relevant pages within this site or relevant external sites for further information. 

2026 Revaluation

The Valuation Office Agency (VOA) have revalued all non-domestic properties which will take effect from 1 April 2026. This will affect how much you pay. Please see business rates 2026 revaluation for more information. Due to the revaluation, a new transitional relief scheme detailed within the business rates reductions page will also come into place from 1 April 2026. 

New non-domestic rating multipliers from 1 April 2026 

In the Autumn Budget 2025 Central Government announced that there will be five new multipliers from 1 April 2026, which include two new multipliers for occupied qualifying retail, hospitality or leisure premises. A new higher multiplier for those properties with a rateable value of £500,000 or more has also been set. Further details can be found in the how your bill is calculated page.

Details of the qualifying criteria for the new retail, hospitality and leisure multipliers can be found within business rates reductions. 

Transitional Supplement for 2026/2027

All properties will be charged a further 1p supplement on their bill over and above the multipliers. Those in receipt of Transitional Relief and/or the Supporting Small Business Scheme 2026 will receive further relief to offset this charge. This is for one year only.

Change to the business rates supplement (Crossrail) rateable value limit

The Greater London Authority is levying a business rate supplement of £0.02 on all properties with a rateable value of more than £92,000 from 1 April 2026, in relation to its contribution to the Crossrail project.

Further information is available from Greater London Authority's Funding for Crossrail.

Supporting small business relief 2026

In the Autumn Budget 2025 Central Government announced a relief scheme to aid those businesses who would be losing all or some of their entitlement to Small Business Rate Relief, Supporting Small Business Relief 2023 (SSB 2023), Rural Rate Relief and/or Retail, Hospitality and Leisure Relief from 1 April 2026. Further information can be found with the business rates reductions page.

Pub and live music venue relief 2026

Pubs and live music venues that are open to the public and allow purchasing of drinks without food, will benefit from a 15% reduction in their Business Rates bill for the financial year 2026/27. Further information can be found with the business rates reductions page.

Should you have any further queries about the above, please do not hesitate to contact the Business Rates Team.