28 November 2022
The new rateable values for businesses have been released by the government. These rateable values will be used next year to calculate the rates payable for each business. In general, the rateable values for retail have declined by 10% on average. This will vary from region to region, but we are hopeful that most independent retailers will pay lower rates next year.
If you want to check your new rateable value, please visit the government website. You will also be able to check the details used to value your property, how it compares to others near you and how the value was calculated:
https://www.gov.uk/government/news/business-rates-revaluation-2023