Autumn Budget Update
Business Rates received significant attention in Wednesday’s Budget/Spending Review. At the moment these changes are England only, as Rates are a devolved issue;- The 2023 Revaluation is confirmed.
- 2021/22 poundage or UBR is frozen for 2022/23.
- For 2022/23 retail property will get 50% discount, but this is subject to a total discount nationally for a business not to exceed £110k, so businesses with multiple qualifying properties have to share one amount of £110k between them