Question to the HM Treasury:

To ask the Chancellor of the Exchequer, whether the numeric value of the (a) Retail, Hospitality and Leisure and (b) high value multipliers will be (i) uprated by inflation each year within the 2026 revaluation cycle based on the previous values for both those respective multipliers, (ii) remain fixed value (A) 5p discounts and (B) 2.8p additions to the standard multipliers and (iii) fixed value, but the 5p and 2.8p respectively will be uprated as well.

The national multipliers uprate by the previous September’s CPI figure every April before resetting at a revaluation, which occurs every three years. This is the standard approach, as multipliers are uprated yearly with CPI.

The Retail, Hospitality and Leisure (RHL) multipliers will remain 5 pence below their national equivalents every year. The high-value multiplier will remain 2.8 pence above the national standard multiplier every year. However, the rates will remain under review, and the legislation does not preclude the Government from changing the rates for future tax years.

This is set out in the Explanatory Memoranda of the relevant legislation: https://www.legislation.gov.uk/uksi/2026/4/memorandum/contents