Question to the HM Treasury:

To ask the Chancellor of the Exchequer, what estimate her Department has made of the number of businesses that will no longer be eligible for Small Business Rate Relief as a result of rateable value increases at the 2026 revaluation.

Small Business Rate Relief (SBRR) is available to businesses with a single property below a set rateable value (RV). Eligible properties under £12,000 will receive 100 per cent relief, which means over a third of businesses in England (more than 700,000) pay no business rates at all. There is also tapered support available to properties valued between £12,000 and £15,000.

The upcoming 2026 revaluation will update RVs to reflect their estimated market value at the 1 April 2024 valuation date. The VOA will publish the draft list of all RVs in the Autumn.