Business rates list closing soon

Posted on 30th January 2023 by Streets Business Support


Image to represent Business rates list closing soon

Business rates are charged on most non-domestic premises, including most commercial properties such as shops, offices, pubs, warehouses and factories. Some properties are eligible for discounts from the local council on their business rates. This is called business rates relief. There are a number of reliefs available including small business rate relief, rural rate relief and charitable rate relief.

The non-domestic rating list sets out all rateable values for non-domestic properties in England and Wales. Local authorities use this list to help determine business rates.

A new press release from the Valuation Office Agency (VOA) states the following:

A new non domestic rating list comes into effect on 1 April 2023. You can still let us know if the information about your property on this list isn’t correct. But the closure of the 2017 list means that there are only limited circumstances in which further amendments may be made to it. These are when:

  • changes need to be made to the list following Checks submitted before 1 April 2023 (and any subsequent challenges and appeals);
  • the VOA is correcting inaccuracies on the list (this can be done up to 31 March 2024). If the list is changed, then customers for those properties have the right to make a Check within six months of the change; and
  • a customer wants to challenge the 2017 list on the grounds of a tribunal or court decision. They can do this so long as a Check has been made by 30 September 2023.

This means that you have up until 31 March 2023 to check that the factual information we hold about your property on this list is correct, and to let us know if it isn’t (this is known as making a Check case).


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The content produced and presented by Streets is for general guidance and informational purposes only. It should not be construed as legal, tax, investment, financial or other advice. Furthermore, it should not be considered a recommendation or an offer to sell, or a solicitation of any offer to buy any securities or other form of financial asset. The information provided by Streets is of a general nature and is not specific for any individual or entity. Appropriate and tailored advice or independent research should be obtained before making any such decisions. Streets does not accept any liability for any loss or damage which is incurred from you acting or not acting as a result of obtaining Streets' visual or audible content.

Information

The content used by Streets has been obtained from or is based on sources that we believe to be accurate and reliable. Although reasonable care has been taken in gathering the necessary information, we cannot guarantee the accuracy or completeness of any information we publish and we accept no liability for any errors or omissions in material. You should always seek specific advice prior to making any investment, legal or tax decisions.


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