BUSINESS RATES

What are Business Rates?

Changes from 1st April 2023

Changes from 1st April 2023

Business rates are a tax on non-domestic property and the assessments are set by the Valuation Office Agency (VOA). They are based on the rental value of a property at a given date.
The Rating List runs from 1st April 2023, with new Rateable Values (RV) based on 1st April 2021 rental levels.
The next revaluation is due to take effect on 1st April 2026 with values based on 1st April 2024.

Changes from 1st April 2023

Changes from 1st April 2023

Changes from 1st April 2023

Rateable Values based on rents passing at 1st April 2021
Transitional Relief rules.
An extension of the retail, hospitality and leisure relief from 50% to 75%
A £600 cap for those currently qualifying for Small Business Rates Relief
A freeze in the rate in the pound that the local council charge for 2023/24.

Need help?

Changes from 1st April 2023

Need help?

If all this bureaucracy leaves you cold or confused and you would like some help then please use the Contact Me page