Business Rates – 2026 Rating List

2024-05-21T17:13:46+00:00May 13th, 2024|News - Business Rates|

It may feel like the 2023 Rating List is fresh news, with us only recently entering into the second year of the three year Revaluation cycle. 1st April 2024, however, is marked as the Antecedent Valuation Date (AVD) for the forthcoming 2026 Rating List. Importantly, this means that future Business

Business Rates – Latest change – Improvement Relief, applies from 1st April 2024

2024-05-21T17:45:13+00:00April 9th, 2024|News - Business Rates|

The Government’s reform to the Business Rates system took another step forward this month. Improvement Relief became effective for qualifying property alterations. Property Improvement Relief will apply to any disclosed, qualifying, property improvements, completed on, or after, 1st April 2024. The property alteration would need to be one which increases the

2024 Spring Budget – A missed opportunity by the Government, to restore confidence and properly support our High Streets

2024-05-21T16:38:24+00:00March 6th, 2024|News - Business Rates|

With the backdrop of Rates Bills being issued for 2024/25 by increasingly cash strapped councils and a gloomy economic outlook, Jeremy Hunt, this afternoon, gave his Government’s spring Budget, to a rowdy parliament. With inflation still at twice the Bank of England’s target rate of 2% continuing to squeeze

Autumn Statement – Business Rates – Retail Relief to continue and Rates frozen for ‘Small Businesses’

2024-05-21T16:40:41+00:00November 22nd, 2023|News - Business Rates|

There was some good news for occupiers of smaller properties today, in the chancellor’s Autumn Statement – The chancellor announced, the small business multiplier would be frozen at 49.9p, for another year. This is good news for businesses with Rating Assessments below £51,000. Occupiers with a single Assessment below

Non-Domestic Rating Act 2023 – New Act receives Royal Assent and becomes law

2024-05-21T16:42:07+00:00October 31st, 2023|News - Business Rates|

Following a number of Government consultations, leading up to the 2023 Rating Revaluation, the Non-Domestic Rating Act 2023 finally became law last week, introducing some important changes to the Business Rates system - The main changes, of note, are – Confirmation of 3 yearly Rates Revaluations. Formalising the change

Business Rates Avoidance and Evasion Consultation – closes on 28th September 2023

2024-05-21T16:45:22+00:00September 11th, 2023|News - Business Rates|

See the Consultation Publication (PDF) Business Rates provides a vital source of funding for local government - In 2023-24 Rates income is forecast to be almost £25 billion in England, helping Local Authorities to deliver essential local services. Avoidance and evasion action taken by some owners and occupiers means


2024-05-21T16:51:43+00:00November 17th, 2022|News - Business Rates|

Autumn Statement 2022: Business Rates Factsheet - GOV.UK ( Without any Fanfare, the Valuation Office have published the 2023 Rating List today, alongside the Autumn Statement 2022. As always, at Revaluations, there are some big increases, but this time around there are some bigger than expected falls in liability,

Business Rates Review – technical consultation closes on 22nd February 2022

2024-05-21T12:46:45+00:00February 8th, 2022|News - Business Rates|

The deadline for submitting responses to the Government, following the publication of the ‘Business Rates Review final report’, of 27th October 2021, is now looming. To have your say, respond to the Government, using the following link: Business Rates Review: technical consultation The areas covered, aiming at implementing the

Government legislate retrospectively, to prevent Businesses receiving Covid related Business Rates support

2024-05-21T12:47:48+00:00March 29th, 2021|News - Business Rates|

In an unprecedented move, the Government has announced that it will legislate against Covid 19 being a valid Material Change of Circumstances (MCC), impacting the level of Business Rates Assessments. This move comes after detailed negotiations over many months between the Valuation Office (part of HMRC) and Agents representing

Chancellor Delays Final Review of Business Rates Until Autumn 2021

2024-05-21T12:48:03+00:00February 20th, 2021|News - Business Rates|

Maughan Mitchell cannot see any reason why this report should be delayed – the only possible reasoning can be it allows the Government to prepare it's response. This Government has good form in kicking problems down the road, delaying the 2015 Rating List to 2017 and the 2022 Rating

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