Research

Business Rates
Relief

Now is the time to consider your requirements for business rates support from April 2021. Our business rates team will provide detailed analysis, guidance and practical yet innovative ways to limit your annual rates liability.


December 04, 2019

The Government should take advantage of this stable period to look again at the business rating system. We would recommend outlining an upwards only transitional scheme, review all business rate reliefs and introduce a fixed rate multiplier of no more than 40 pence in England

Tim Beattie JLL's UK Rating Lead Director

Business rates can be the largest tax paid by companies. Over the past 10 years, we have saved our clients more than £1billion in commercial property rates. No matter what the property type, our business rates specialists will provide the solutions you need to ensure you pay the lowest possible rates for your business.

 

2021 Rating Revaluation Report

Our latest Rating Revaluation report includes the recommendation for substantial changes to be made in the business rating system, forecasts by sector and an estimate of the total rateable value. 

Rateable values reflect the annual rental value of non-domestic property. When rents are rising, the total rateable value in the rating list will increase, potentially enlarging the tax base upon which the tax is levied. If rental values were to rise faster than inflation, over time the rating multiplier would fall to balance out the total rateable value.

The following chart shows these changes cumulatively and weighted by the proportion of the rating list contained in each sector. In 2015, offices were leading rental growth, but the rate of increase declined from 2016, and industrial and logistics took over as the main rising sector. Overall the picture is of steady positive, if unspectacular, growth with the industrial sector likely to suffer the most from April 2021.

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