Business Rates Update

Business Rates

Business rates are charged on most non-domestic properties and you’ll probably have to pay these if you use a building or part of this for non-domestic purposes. If you occupy a single property with a rateable value of £12,000 or less you are entitled to 100% relief.

Until recently having two offices in a building or two units that are separated by a wall or communal set of stairs meant you were billed individual for both properties and it meant you could only claim business rates relief on one of the properties.

With the introduction of new legislation you can now put forward for a rebate of business rates going back to 2010, if you have been billed for two or more properties that are separate but adjoining if they are occupied by one individual or company.

You can get help with business rates from:

  • your council if you have questions about your bill
  • the Valuation Office Agency (VOA) if you think your ‘rateable value’ is wrong

Find out more at:

https://www.gov.uk/topic/local-government/business-rates

https://www.gov.uk/government/news/changes-to-how-we-value-some-non-domestic-properties-with-more-than-one-occupier-in-england

Posted in Business News

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