Welcome to our February Newsletter with updated comment on the Scottish Rating system and news on Appeals and Rates Relief. We hope you and your family have been keeping well and healthy during this pandemic, with the future beginning to look brighter with the vaccine rollout and positive commentary for the spring and summer! Download a copy of…
We at Graham + Sibbald wish all our clients a happy and safe 2021 and hope that the vaccines will lead to a return to normality over the coming months and protection and good health for all our families! Download a copy of our latest newsletter here.
Rating Revaluation 2022 Postponed! The First Minister announced that the next Revaluation due in 2022 has been cancelled. There has been no explanation and this contradicts the recommendations made in the Barclay Review of the Scottish Rating system – which was instigated by the Scottish Government. The below is an extract from the First Ministers…
A ratepayer can apply online for a £10,000 Small Business Support Grant or the £25,000 Retail, Hospitality and Leisure Support Grant. Applications close at 5pm on Friday 10 July 2020. The original scheme has now been extended and now also covers additional categories: I outline the various changes below; Ratepayers with multiple business properties meeting the qualifying criteria are eligible…
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…
Rating Consultant Tim has almost 40 years’ experience in valuation, rating and rent reviews on all types of Commercial property throughout Scotland. He began his career in the Assessors Department before moving into private practice acting on varied clients behalf in carrying out Rating appeals. Subsequent to the Revaluation, he carried out rent reviews and…
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…
