Archive for the
‘2023’ Category

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
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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
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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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