With the Uniform Business Rates (UBRs) set for changes in England, Scotland and Wales for the fiscal year 2024/25, it’s crucial to reassess your rates for accuracy. In England, there is a freeze on the small multiplier at 49.9p for properties with a Rateable Value (RV) below £51,000, contrasted with a 6.7% increase in the large multiplier. In Scotland, the freeze on rates for small properties offers some stability, but those with higher rateable values face increases of 6.7%. Wales sees a uniform 5% increase, positioning it as the UK’s highest multiplier. Adjustments in relief schemes further underscore the need to account for these updates. Double-check your 2024/25 rates bill now.
Business Rates Data Card
Use the business rates data card to better understand what the latest UBRs are, and what reliefs, schemes and grants may be applicable to your property portfolio.
