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.
- 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).
- 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 due to be published.
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.