Further calls have been made for more Government support ahead of business rates changes coming in next month.
Newcastle-under-Lyme Borough Council has written to Chancellor Rachel Reeves raising ‘urgent’ concerns about the ‘challenging’ trading conditions currently faced by local businesses.
The local authority is urging ministers to extend business rates relief to all hospitality and high street businesses – not just pubs – and carry out a further review of business rates for the retail, hospitality and leisure sector with a view to achieving a permanent reduction in taxation.
The Valuation Office Agency (VOA) is currently updating the rateable values of non-domestic properties, to reflect recent changes in the property market, as part of a national revaluation. Some businesses may see their rateable value – and therefore their business rates bill – increase or decrease from 1 April.
New business rates multipliers, which will determine the final amount payable, are also being introduced.
The council is also asking for the removal of business rates for car parks, saying they play a crucial role in supporting businesses.
Councillor Stephen Sweeney, cabinet member for finance, town centres and growth, said: “Our local businesses are the backbone of our communities. We are calling on the Government to take further steps in supporting the vitality of town centres, high streets and villages by providing fair and meaningful support – to help all local businesses thrive.
“Councils issue business rates bills based on rules which are set nationally by the Government. The borough council pays business rates itself and is constantly reviewing the rateable values of its buildings, challenging the VOA when necessary.
“While we await a reply to our letter, it’s important that local businesses check with the VOA that the information held about their property is accurate and up to date before the revaluation comes into force. This will help them to avoid surprises, plan ahead and ensure they are being billed correctly.”
To view details and make any changes, businesses need a business rates valuation account via VOA’s online service which can take up to 15 days to set up.
More information is available on the council’s website here.
