Wales - Uniform Business Rates (UBR)
| Rate Year | Small Retail | Standard | Higher | All Properties |
| 2026/27 | 35.0p | 50.2p | 51.5p | |
| 2025/26 | 56.8p | |||
| 2024/25 | 56.2p | |||
| 2023/24 | 53.5p | |||
| 2022/23 | 53.5p |
The Government in Wales has intoduced a Higher multiplier which applies to all properties (except those prescribed as Higher multiplier exempt) with a rateable value greater than £100,000. The Standard multiplier applies to properties with a rateable value of £100,000 or below. The Small Retail multiplier applies to occupied qualifying retail properties with a rateable value below £51,001. Transitional relief in 2026 will calculated in accordance with a similar approach as adopted by the Welsh Government for the 2023 Revaluation. This applies to ratepayers whose liability increases by more than £300 as a result of the Revaluation, and eligible ratepayers will pay 33% of additional liability in 2026/27 and 66% of additional liability in 2027/28, before reaching full liability in 2028/29.