On 17th November, the Chancellor announced the Autumn Statement 2022.
The statement included changes to Business Rates, full details of which can be found in the government’s Business Rates Factsheet.
Rateable values may go up or down. You can find the future Rateable Value (RV) for your premises and get an estimate of what your business rates bill may be from 1 April 2023 here:
Find a property - Valuation Office Agency - GOV.UK (tax.service.gov.uk)
Rate relief for retail, hospitality and leisure businesses will increase to 75% for 2023-24.
The BID levy will remain payable.
