BUSINESS RATES
What are Business Rates?
- 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
- 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?
Need help?
- If all this bureaucracy leaves you cold or confused and you would like some help then please use the Contact Me page
