Summary
Business owners should already have next April in their diaries as this is when the impact of the revaluation of commercial properties begins to roll out. Most small businesses will not pay more in real terms but retailers, in particular, could eventually face big hikes as a result of the rising value of shop units.
But thanks to intensive lobbying by the FSB, many small firms will be entitled to rates relief - if they apply for it. In addition, businesses facing increases in rates bills will automatically obtain transitional relief.See the full content of this document
Extract
Be Prepared for the April Shower of Revaluations
Ratepayers who believe their properties have been overvalued can apply for a review in order to further cut their bills.
Rates comprise a big...See the full content of this document
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