Business Rates Newsletter – May 2020

The effect of the coronavirus has been dramatic on home and business life . The UK and Scottish governments have announced various measures since the middle of March We have tried to cover the governments legislative response in this extended Business Rates Newsletter and outlined the related financial assistance. The various grants and reliefs do…

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Business Rates Newsletter – April 2020

We outline below details on the current position on rates relief and grants available due to the Coronavirus pandemic. The English regulations have been available since 2 April as outlined within the ‘Coronavirus Response – Local Authority Guidance’ issued by the Ministry of Housing, Communities & Local Government and the Scottish Local Authorities have been…

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Coronavirus Material Change Appeals

Graham + Sibbald are of the opinion that Commercial Ratepayers should strongly consider appealing their current Rateable Value due to effect on the Scottish economy of the Coronavirus. Due to the timescale, immediate action is needed. The basis is that a Material Change of Circumstance has occurred since the property was previously valued in line with…

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How to get rate relief in the Covid-19 crisis

If your business pays rates, then there are a number of initiatives coming into place to help you get through the Coronavirus challenge. In particular, businesses in the retail, hospitality and leisure sectors will be eligible for a Business Rates holiday and for a one-off grant of either £10,000 or £25,000. Here we’ve answered the…

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Further Emergency Funding Announcement via Business Rates

The Cabinet Secretary and First Minister have both confirmed that all the Barnett consequentials arising from the business support measures in England will be passed on to support businesses in Scotland. There had been hope that rates relief would be extended to other sectors beyond the hospitality sector, including retail and leisure, but this is not the…

Emergency Business Funding via Business Rates for Health Crisis
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Emergency Business Funding via Business Rates for Health Crisis

As announced in the Chancellor’s Budget; £700m expected to flow to Scotland, Wales and Northern Ireland from the decisions announced in Wednesday’s Budget at Westminster to help the economy through the crisis Rishi Sunak’s Budget raised expectations that Kate Forbes would follow his lead in Scotland, on support for business and a hardship fund through councils…

Confused About Business Rates? Are You Entitled To Relief?

Confused About Business Rates? Are You Entitled To Relief?

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…