The UK government will revise business rates in 2026, lowering them for small businesses but raising them for larger properties.

The UK government plans to revise business rates to alleviate burdens on smaller high street businesses, effective 2026. While it will lower rates for retail and leisure properties valued under £500,000, the new system will impose higher rates on properties valued at £500,000 or more, affecting 15,278 non-domestic properties, including 297 NHS hospitals and 310 universities. Critics argue the plan is poorly conceived, and the tax increases' exact amounts remain uncertain.

November 03, 2024
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