Properties subject to business rates will be revalued in 2023.
Where the value has reduced compared to the last valuation point in 2017 that will translate to a rates reduction from April 2023.
Where the rateable value has risen the increase in rates bill will be capped at:
- 5% for small
- 10% for medium
- 15% for large properties.
Contact
For advice and assistance with business rates, contact a member of our team.