Interim business rates ruling may mean offices could share £481m rebate

FOLLOWING AN INTERIM RULING OVER REBATES UK BUSINESSES COULD SAVE A COMBINED £481M

The BBC has reported that offices which appealed their rates bills can have a 25% rebate, according to the Valuation Office Agency, which sets the rateable value before a local authority issues the bills for business premises.

Chancellor Rishi Sunak gave retail, leisure and hospitality businesses a year-long holiday on the tax.

But offices were billed as normal. Many have appealed, as they lay empty as workers were urged to work from home.

About 150,000 businesses appealed.

The volume of appeals led to an interim agreement for a quarter off the bills, after weeks of negotiations.

Controversially, supermarkets were included in businesses let off business rates, although Tesco, Morrisons, Sainsbury’s, Aldi and Lidl have all agreed to repay a total of £1.9bn after criticism from MPs.

A Valuation Office Agency spokeswoman said that discussions were still ongoing, and no formal decision has been made.

She added: “Understanding the impact of the ongoing pandemic on rateable values is a complex legal and valuation issue. We are working to resolve these cases as quickly and efficiently as we can.”

The original article on the BBC Website can be seen here.

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