Reminder: Ratepayers occupying vacant retail units may benefit from a 50% rates discount for 2 years
In May 2022, the Department of Finance launched the Back in Business rate support scheme. The scheme is available to all business sectors and ratepayers can benefit from 50% rates relief for up to 24 months if the following criteria is met:
You occupied the property on or after 1 April 2022
The business premises was previously unoccupied for at least 12 months before you occupied the property
The business premises was previously used for retail purposes and appeared in the rating valuation list
NB: If the business premises was never occupied you may still be entitled to a discount if the premises could reasonably have been used for retail purposes.
The scheme opened in May and applications will be accepted up until 31st March 2023.
For further information and details on how to apply, please click the following link: Back in Business Rate Support Scheme
At Gowlands, we offer bespoke Business Rates Services to a broad spectrum of clients across all sectors. If you feel that your business rates liability is too high or if you simply want to check that what you are paying is fair and accurate particularly as we get closer to the General Revaluation in 2023, please don't hesitate to get in touch with one of our team today.
Call: +44 (0) 28 7051 7561 or +44 (0) 7808 514 643