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Business Rates: Avoidance and Evasion

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

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

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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A Background to The Non-Domestic Rating Act 2023

A Background to The Non-Domestic Rating Act 2023
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The Non-Domestic Rating Act 2023 received Royal Assent on 26 October 2023. The Act implemented various changes to the system of non-domestic rates (known as business rates) in England and Wales. Among the changes, it: reduced the revaluation cycle for business rates in England from five years to three years introduced a new duty for ratepayers to provide the Valuation Office Agency (VOA) […]

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Multiplier for 2024/25 Announced

Multiplier for 2024/25 Announced
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From 1st April 2024 the standard business rates muliplier in England will increase to 0.564 for properties with a valuation of £51,000 and above.   In Wales, a provisional multiplier for all properties has been proposed at 0.562. All commercial properties are given a rateable value, as a way of measuring how valuable each property is. […]

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The Non-Domestic Rating Act 2023: What it means for Businesses

The Non-Domestic Rating Act 2023: What it means for Businesses
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The Non-Domestic Rating Bill, which became law in October 2023, is a major reform of the business rates system in England and Wales. It aims to make the system more fair, transparent and efficient for ratepayers, but also imposes new obligations and responsibilities on them. Here are some of the key features and implications of […]

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