Latest news on business rates revaluation

Business rates increases were announced recently. We wait to see some meaningful analysis from the surveying sector. If you have business premises, you might want to check your increase here. (Click on the property to see the 2017 figure.)

You can find a summary of the revaluations in this document. It shows that the expected increases in bills in London are:

– Retail – 14%
– Offices – 10%
– Industry – 4%
– Other – 14%

However this covers the whole of London, and increases are expected to be much greater in central London.

See here for an article from the FT analysing the situation which specifically mentions Brixton as a place that could see a significant increase.

There is another helpful blog here.

Finally, a link to a full report on the 2017 revaluation is here.