Improvement Relief
The Improvement Relief will support businesses wishing to invest in their property. It will ensure that no ratepayer will face higher Business Rates bills for 12 months, as a result of qualifying improvements to a property they occupy.
This scheme will run from 1 April 2024 to 1 April 2029.
The conditions for the relief to apply are that:
- A certificate has been issued by the Valuation Office Agency (VOA) and that it has not been withdrawn or ceased to have effect, and
- The same ratepayer has been in occupation since the works started
The qualifying works condition
The works should increase the area of any building or otherwise improve the physical state of the building. Therefore, neither a newly constructed nor refurbished building (which had left the rating list during the works) will qualify. A change of use alone or the addition of land will not qualify.
We are currently awaiting further information from our software supplier.
More information can be found online.