2023 REVALUATION IN SCOTLAND

 

Business Rates are the non-domestic rates paid for the right to occupy commercial property and are often the second largest property cost after rent. The next non-domestic rates revaluation in Scotland will take effect in 2023, based on a Tone (valuation) Date of 1 April 2022.

  • BUSINESS RATES ADVISORY SERVICES

    • Rates Proposals & Appeals
    • Rating Relief Applications
    • Rates Portfolio Management
    • Complete Forms & Check Bills
    • Leveraging Changing Circumstances
    • Rates Mitigation Strategy
  • 2023 REVALUATION TIMELINE IN SCOTLAND

    30 Nov 2022
    Draft Valuation Roll & Draft Valuation Notices

    1 Jan 2023
    Abolition of Valuation Appeal Committees, replaced by Scottish Tribunals

    1 April 2023
    Revised RV’s in force via publication of Valuation Roll

    1 April to 31 July (draft)
    Alternative Value Proposal submission window

In December 2023 the Scottish Government announced changes to Business Rates in Scotland effective from 1 April 2024:

  • The Basic Property Rate, which is charged to properties with a rateable value up to and including £51,000, has been frozen at 49.8p.
  • The Intermediate Property Rate, which applies to properties with a rateable value of between £51,001 and £100,000, will be charged at 54.5p.
  • The Higher Property Rate, which applies to properties with a rateable value above £100,000, will be charged at 55.9p.
  • 100% relief in 2024-25 for hospitality businesses located on islands as defined by the Islands (Scotland) Act 2018, capped at £110,000 per business.
  • 90% renewables District Heating relief extended to 31 March 2027. Expanded to include all district heating networks (not only new networks) where at least 80% of the thermal energy generated derives from renewables.
  • Enterprise Areas relief due to end on 31 March 2024 will be phased out over the next two years.
  • Telecommunications mast relief will be extended from 31 March 2029 to 31 March 2031.
  • Any local relief for unoccupied properties in 2024-25 will remain at the discretion of individual councils.

HOW CAN WE HELP?
Ryden’s rating team has the expertise to represent businesses in ensuring all rateable values are fair and reasonable and can liaise with the Assessors. We will answer any business rates query and advise on rates relief and mitigation.

RATES REVALUATION 2023

A GUIDE TO NON-DOMESTIC RATES IN SCOTLAND

GET IN TOUCH FOR BUSINESS RATES ADVICE