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Business Rates revaluation

A calculator on a sheet of figures with a pen lying by it.

Published: Thursday, 16th March 2017

Business rates bills have not yet been adjusted after the spring budget; we advise that you pay as normal until we can make any necessary adjustments.

Business rates bills will soon be delivered and we are advising businesses that these bills have not yet been adjusted to take into account measures announced by the Chancellor Philip Hammond in his Spring Budget.

Jo Stanton, Revenues and Benefits Manager explained: "A number of measures were announced last week which will assist those businesses who face the steepest increases due to the business rate revaluation.

"At this stage we are awaiting detailed guidance from the government on how those measures are to be applied. Our advice to business rates payers is to make sure you make any payments due and keep up with your instalments to avoid getting into any difficulty. Once we have the detailed guidance we will make adjustments to any bills that are necessary and advise those businesses accordingly."

We are also reminding King's Lynn town centre businesses that the new BID levy, which is invoiced separately, is not affected by the announcements made by the chancellor and should be paid in the normal way as shown on their invoice.

 

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