Graham+Sibbald Business Rates Revaluation 2026

Members Graham+Sibbald have published their Business Rates Revaluation for 2026.

Introduction

Non-Domestic Rates are a form of property tax levied against the vast majority of commercial (or non-domestic) lands & heritages throughout Scotland. The amount payable is determined by multiplying the Rateable Value of the lands & heritage by the prevailing poundage rate; for example, a shop with a Rateable Value of £25,000 while the poundage is set at £0.498 will have a liability of £12,450 per annum before any relief schemes are considered.

The Rateable Value is calculated by the local Assessor and is an estimate of the open market rental value of the lands & heritages at a statutorily defined fixed point in time. All Rateable Values are shown on the Valuation Roll which is a publicly available record. The poundage rate is set by the Scottish Government and is considered annually as part of the national budget.

Under the current system Rateable Values are reset every three years as part of the general Revaluation. The current 2023 Valuation Roll came into effect on 1 April 2023 with Rateable Values based on market evidence from around 1 April 2022. The 2023 Valuation Roll is due to close on 31 March 2026 to be replaced by the 2026 Valuation Roll which will contain Rateable Values based on market evidence form around 1 April 2025.

Graham+Sibbald Business Rates Revaluation 2026