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Business Rates reform – the Government makes it’s move.
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The Autumn Budget presented by the Labour Government included a Transforming Business Rates discussion paper. In this paper, the Government committed to creating “a fairer business rates system that protects the high street, supports investment, and is fit for the 21st century”, inviting stakeholders to share views on how they (the Government) can deliver business […]

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Labour’s first Budget in 14 years
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When talking about the public finances the numbers sound big. And rest assured, that really is a very big number.   The government announced its aims were to tackle economic inactivity, and expand opportunities for small and medium sized businesses.  That there will be increased funding for science, and investment in carbon capture and storage. […]

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Current Business Rates Challenges may be “the Tip of the Iceberg” as increases Loom.
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The Consumer Price Index (CPI) Figures at 1.7 % being announced mean businesses are due to pay an extra £500 million in Business Rates from next April — on top of the £1.74 billion rise already seen this year. Business Rates bills in England and Wales are estimated to rise by a total of £0.5 billion […]

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Check Challenge Appeal – a Brief Guide
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Understanding the Check Challenge Appeal Process As a business owner in the UK, you may be responsible for paying National Non-Domestic Rates, also known as Business Rates, on your commercial property. These taxes are calculated based on the rateable value of your property, which is determined by the Valuation Office Agency (VOA). If you believe […]

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Senedd passes Bill to reform local tax system in Wales
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The Local Government Finance (Wales) Bill establishes a series of changes to improve the tax systems. It will make them fairer and work better for the future needs of Wales, by ensuring local taxes reflect economic circumstances more regularly. For non-domestic rates (also known as business rates), the Bill will: increase how often the values of all […]

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Labour’s Big Ideas… Are They Actually Thinking?
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The Labour  Goverment’s plan to overhaul business rates by linking them to land value instead of the current rateable value has both potential benefits and challenges. Potential Benefits: Fairness: It could create a fairer system by ensuring that businesses with valuable land contribute more, potentially easing the burden on smaller businesses. Support for High Streets: […]

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2024 Election… is it time for change? Will the Election bring it?
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A General Election will take place on 4th July, and businesses continue to call focus to be on getting the UK economy working again.  But what might Election mean for businesses? The implications a that new Government could mean are: TAX Business Rates Labour has long talked of its planned “significant changes” to business rates […]

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Business Rates: Avoidance and Evasion
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Landlords with empty properties will likely be concerned with a document entitled “Business Rates: Avoidance and Evasion.” Currently, owners of empty properties can reoccupy for six weeks to reset the statutory void period.  The budget extends the occupation period from six weeks to thirteen weeks starting 1 April, 2024. Despite seemingly endless previous consultations, the […]

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Budget 2024 – Statements surrounding increase in multiplier hide the wider issue
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Speaking at the House of Commons yesterday (6 March 2024) chancellor Jeremy Hunt overlooked calls to reverse his decision — made in his 2023 Autumn Budget — to raise the standard multiplier for business rates by September’s CPI inflation figure of 6.7%, from 51.2p to 54.6p from April 2024.   The decision prompted outcry from […]

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Mezzanine Floors
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When do rates apply? Business rates in England are tax on the occupation of commercial property. They are charged on premises such as shops, offices, pubs, warehouses, factories and holiday rental homes. The ratable value of your property may change if you alter the size of your structure by adding an extension or alteration. Additionally […]

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