Overview
- A Ryan analysis of Valuation Office Agency data shows rateable values at major arenas across England and Wales have surged by up to 300%.
- London’s O2 Arena is projected to see its tax liability rise by about £1.8 million to roughly £8 million in 2026–27 after its rateable value jumped 175% to £30.5 million.
- Ovo Arena Wembley’s value has climbed 300% to £3 million with a 2026–27 bill of about £541,125, while Co-op Live, Manchester Arena, Birmingham’s Utilita Arena, and Liverpool’s M&S Arena also face large increases.
- The government’s budget set bills using 2024 valuations and a reduced multiplier, and transitional relief limits first-year rises to 30%, yet Ryan says liabilities could still more than double over three years.
- The Music Venue Trust warns higher costs will be passed to fans and could shutter smaller venues, as advisers urge operators to challenge the VOA’s assumptions.