Changes in 2024 At the Spring Budget on 6 March 2024, the Chancellor announced further changes to business rates from 1 April 2024. These are in addition to the changes previously announced during the 2023 Autumn Statement. This includes: The Empty Property Relief “reset period” will be extended from six weeks to thirteen weeks from […]
The Valuation Office Agency (VOA) regularly updates the rateable values of all business and other non-domestic properties (properties that are not just private homes) in England and Wales. This is called a revaluation. Rateable values are the amount of rent a property could have been let for on a set valuation date. For the 2023 […]
In the 2022 Autumn Statement, the Chancellor announced a series of changes to business rates from 1 April 2023. This includes: The business rates multipliers will be frozen at 49.9p for occupied properties with a rateable value of less than 51,000 and 51.2p for all other properties. An increase in the amount of Retail Discount […]