Key points

2024/25

Key points

2023/24

ENGLAND

  • 2024/25 Small Multiplier frozen at 2023/24 levels: – Small Multiplier; 0.499p. – Standard Multiplier to increase by 6.7% 0.546p.

  • Change in eligibility for the Small Multiplier, historically unoccupied properties, and those in receipt of Mandatory Charitable relief were excluded. From 1st April 2023 all properties with RV <50,999 will be calculated using the Small Multiplier.

  • City of London Supplement increased from £0.014p to £0.016p for assessments with and RV <50,999 and £0.018p for assessments with an RV 51,000> effective from 1st April 2024.

  • 75% relief for eligible retail, hospitality, and leisure businesses extended for a further year for the period 1st April 2024 – 31st March 2025 (capped at £110,000 per business).

  • 40% Rates Relief on film and television studiosFilm and TV studios saw a substantial increase in Rateable Value at the 2023 Revaluation. Following industry pressure, government has unveiled a 40% relief to be applied in England from 2024 to 2034.

  • Improvement relief to now be introduced in April 2024 and be available until 2028.

  • Changes to the Completion Notice procedures introduced with effect from 26th December 2023.

  • Removal of 6 months restriction on backdating for claiming reliefs or discounts provided under S.47 Discretionary Powers.

  • Outcome of Consultation into Empty/Unoccupied Rates published. In England, Empty Rates Relief will now only apply if the property is occupied for at least 3 months, doubling the current six-week requirement.

SCOTLAND

  • Basic property Multiplier froze at 2023/24 levels 0.498p.

  • The Intermediate and Higher Property Rates will increase on 1 April 2024 by inflation to 0.545p and 0.559p respectively.

  • A 100% Non-Domestic rates relief will be available in 2024-25 for properties in the hospitality sector on islands, as defined by the Islands (Scotland) Act 2018, capped at £110,000 per ratepayer.

  • Parks Transitional relief will provide 33% relief in 2024-25 for parks or parts of parks that became rateable on 1 April 2023.

  • District Heating relief for renewables, which had been due to expire on 31 March 2024, will be extended and expanded.

  • Telecommunications mobile mast relief will be extended.

  • Enterprise Areas relief, to be phased out over 2024-25 and 2025-26.

WALES

  • 2024/25 Multiplier increase capped at 5% - 0.562p.

  • Relief for eligible retail, hospitality, and leisure businesses extended for 12 months, however relief reduced from 75% to 40%. Capped at £110,000 per ratepayer across Wales.

  • £20Million Future Proofing Fund. This capital fund will provide support for businesses investing in their business and properties.

  • Measures to be introduced to support ratepayers investing in property improvements and renewable energy.
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