The Government’s Retail, Hospitality and Leisure Business Rates Relief scheme is being extended for the tax year 2024/25, providing eligible properties with a 75% relief. View more information on the business rates relief.
Occupiers of larger commercial properties however will see an increase in business rates from this month, as the large property multiplier is increasing by 6.7% to £0.546. Read more about the business rate multiplier. These changes have taken effect from 1 April
Furthermore, as of 1 April 2024 business premises must be re-occupied for 13 weeks rather than six to qualify for a further period of empty rates relief. Find out more about the changes to the empty property rate relief reset.
For information on the Council’s Business Rates, visit the Council’s website.