Welsh Non-Domestic Rates – latest news for 2024/25 financial year

The Welsh Government has announced its draft budget including updates relating to Non-Domestic Rates (NDR) that will take effect between April 1, 2024, to 31st March 2025. The most noteworthy elements are: The increase to... Continue reading

Chancellor’s Autumn Statement – what it means for business rates

The government has announced a business rates support package worth £4.3 billion over the next five years to support small businesses and the high street. The small business multiplier will be frozen for a fourth... Continue reading

Non-Domestic Rating Act finally gets Royal Assent to become law

The Non-Domestic Rating Act passed through the final Parliamentary stages and received Royal Assent last week. There were no surprises within the Bill, which has been debated and consulted on for years but here are... Continue reading

Inflationary figure for September announced – linked to 2024/25 business rate rises

The Government today announced September’s CPI as 6.7%. This inflationary figure is used to set the UBR (Uniform Business Rate)/ rate poundage for the next business rates for 2024/25. Unless the Government intervenes to freeze... Continue reading

Inflation figures worrying for SMEs whilst still linked to 2024 business rate rises

A slight drop in the headline inflation rates last month will be little comfort to businesses currently facing a business rate hike that will be based on September’s CPI inflation figure. New figures from the... Continue reading

Calls for extension to business rate reliefs in 2024 growing stronger

Several reports are coming out in the media that the Government is considering extending business rate relief beyond the current April 2024 deadline. As reported in The Times and Small Business, industry experts are speculating... Continue reading