{"id":2375,"date":"2023-02-08T12:55:42","date_gmt":"2023-02-08T12:55:42","guid":{"rendered":"http:\/\/www.robbtax.co.uk\/blog\/?p=2375"},"modified":"2023-02-08T12:56:21","modified_gmt":"2023-02-08T12:56:21","slug":"businesses-need-to-be-prepared-for-changes-to-business-rates-from-april","status":"publish","type":"post","link":"https:\/\/www.robbtax.co.uk\/blog\/businesses-need-to-be-prepared-for-changes-to-business-rates-from-april\/","title":{"rendered":"Businesses need to be prepared for changes to business rates from April"},"content":{"rendered":"

The Valuation Office Agency (VOA) has updated the rateable values of all business, and other non-domestic, properties in England and Wales. They will take effect from 1 April 2023.<\/p>\n

<\/p>\n

Business rates are a tax on property used for business purposes, whether it be working from a commercial property or possibly from home.<\/p>\n

The Government levies the charge on offices, shops, pubs, and warehouses.<\/p>\n

In fact, most non-domestic properties will attract business rates. They may also be charged where only part of a building is used for non-domestic purposes.<\/p>\n

How are they calculated?<\/strong><\/p>\n

You will receive a business rates bill from your local council in February or March each year for the upcoming 12 months.<\/p>\n

They will be based on the property\u2019s \u2018rateable value\u2019, the estimated value on the open market.<\/p>\n

The rateable value for your property is not what you pay in business rates or rent. Your council uses the rateable value to calculate your business rates bill.<\/p>\n

The Government has also announced\u00a0a package of rates relief for businesses<\/a>\u00a0as part of the Autumn Statement 2022.<\/p>\n

It says it has also pledged to reform the business rates system by delivering more frequent business rate revaluations.<\/p>\n

Changes to business rates in 2023<\/strong>:<\/p>\n