"The analysis shows that, on top of the lower Retail, Hospitality and Leisure multipliers and transitional relief already in place, the combination of a new 15% pubs discount in 2026/27 and a real-terms freeze on core business rates bills in 2027/28 and 2028/29 significantly reduces the impact of revaluation driven increases On an illustrative average pub, the measures reduce the core business rates bill from around £10,655 to £9,056 in 2026/27, an immediate saving of almost £1,600. But by preventing the normal compounding increases under transitional relief, the savings then rise to around £4,350 in 2027/28 and £6,570 in 2028/29."
"In total, the analysis indicates a three-year saving of approximately £12,500 compared with what the same average pub would otherwise have paid under the revaluation, new multipliers and standard transitional relief. Alex Probyn, Practice Leader - Europe & Asia-Pacific Property Tax at global tax firm Ryan, said the intervention "makes a real difference to cash exposure for pubs, particularly in years two and three, when transitional relief phasing would otherwise drive further step-ups in bills"."
New measures include a 15% pubs discount for 2026/27, lower Retail, Hospitality and Leisure multipliers, and a real-terms freeze on core business rates bills in 2027/28 and 2028/29. On an illustrative average pub with rateable value rising from £30,945 to £40,245, the core business rates bill falls from around £10,655 to £9,056 in 2026/27. Savings increase to about £4,350 in 2027/28 and £6,570 in 2028/29 by preventing compounding transitional relief increases. Total three-year savings amount to approximately £12,500 compared with standard revaluation outcomes. The calculations assume standard transitional relief caps and 2% annual inflation.
Read at London Business News | Londonlovesbusiness.com
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