Stores

Government announces transitional relief scheme for business rates

By 17 November 2022

Jeremy Hunt

Source: Number 10

The government has unveiled a transitional business rates relief scheme, a freeze on multipliers and increased support packages, but the next revaluation of rates will go ahead in April 2023.

In the autumn statement, chancellor Jeremy Hunt said the planned revaluation of business rates would go ahead next year, potentially causing associated costs to soar due to rampant inflation.

 

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