Introduction Welcome to Graham + Sibbald’s latest Rating Newsletter of 2019, providing an update on Rating appeals and financial changes affecting commercial ratepayers. Business Rates (also known as Non-Domestic Rates) are a tax on non-domestic properties to help pay for local Council Services. Each year the amount you pay in Business Rates will be increased…
Business Rates, also known as Non-Domestic Rates, are a tax on non-domestic properties to help pay for local Council Services. Each year the amount you pay in Business Rates will be increased by inflation. The current Business Rates Revaluation took place as from 1st April 2017 and the new Rateable Values will remain in effect…
The Chancellor of the Exchequer announced in his Spring Statement on 13th March 2018 that the next Business Rates Revaluation in England and Wales will be brought forward from 2022 to 2021. This has come as somewhat of a surprise since the Business Rates Revaluations were changing to 3 yearly from 2022 in any case….
Introduction The Finance Secretary, Derek Mackay, outlined new proposals in his previous Budget and the statutory instruments have now been prepared on the changes which will be implemented as from 1 April 2018 and beyond. The budget, with the support of the Green Party, has now been passed with further finance being available to the…
Under Fresh Start relief, businesses occupying long-term empty properties may be entitled to a 100% business rates discount for their first year in those premises. Eligibility criteria includes; You started occupying the property on or after 1st April 2018 and the property had previously been empty for at least six months When last occupied, the…
Growth Accelerator relief is granted under the terms of The Non Domestic Rates (New and Improved Properties) (Scotland) Regulations 2018. From 1st April 2018 rate relief can be awarded to properties newly entered on the valuation roll (new builds) and to properties that have had improvements carried out. Eligibility criteria includes; New entry property: the…
From 1st April 2016, if you have an unoccupied business property, you can apply for a reduction under the following conditions; Unoccupied property not in use (first 3 months) = 50% relief Unoccupied property not in use (after 3 months) = 10% relief Vacant property last used in an industrial nature (first 6 months) =…
If you are an organisation registered as a charity, listed on the register by the Office of the Scottish Charity Regulator (OSCR), with a property occupied by your organisation and used wholly or mainly for charitable purposes, you may be entitled to 80% mandatory rates relief. Councils could also offer up to 20% additional relief…
Properties occupied for charitable purpose, social welfare, education, philanthropic, religious, science, literature, fine arts and recreation may qualify for a discretionary relief of up to 100%. Discretionary relief may also be awarded if the premises are occupied for the purposed of a club, society or other organisation not established or conducted for profit, such as…
From 1st April 2013, relief from rates of up to 100% became available to a variety of properties within a designated rural settlement area with a population below 3,000. Eligibility criteria includes; A small food shop, general store or post office with a rateable value below £8,500 A small hotel, public house or petrol filling…
