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Rating Bulletin – Budget Special

Some of the measures introduced by the Chancellor
were not as draconian as initially feared, with some
ratepayers breathing a sigh of relief, and on the face of it, are benefiting from reduced multipliers.

All things being equal their liability will fall, however, the multipliers and reliefs announced by the Chancellor are only part of the rate payment equation.

Shortly after the budget speech the Valuation Office Agency released details of the Draft Rating List. This sets out their initial valuations which will come into effect on 1 April 2026. It will be against these assessments that the liability for the payment of rates will be calculated. It is important to note that the Draft List can be altered at any time up to the Revaluation, and beyond the date it comes into effect.

Finally, the Government published a further consultation paper and call for evidence on business rates and investment. We will examine each of these areas in more detail.

“If you have any concerns over the level of value applicable to your property then please feel free to contact one of the team who will be happy to provide advice upon the level of value and how a challenge may be constructed.”
Gareth Buckley, Head of Business Rates.

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Gareth Buckley

Joint head of commercial sector & National head of rating

T +44 (0) 7891 810253
Gareth Buckley, Cluttons

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