In the 2022 autumn statement, the Chancellor announced changes to business rates from 1 April 2023. This includes: The business rates multipliers will be frozen at 49.9p for occupied properties with a rateable value of less than 51,000, and 51.2p for all other properties. An increase in the amount of retail discount payable from 50% to 75% for qualifying businesses. This is subject to a cap of £110,000 total relief per business. A new ‘supporting small businesses’ scheme to help businesses that lose entitlement to small business rate relief or rural rate relief as a result of the revaluation of their property. A new transitional relief scheme to help phase in increases to rateable values as a result of the revaluation. This will be different from previous schemes as reductions in rateable values will no longer be phased in. A delay to the implementation of improvement relief, which was due to start in April 2023. This will now begin in April 2024 and will last until 2028, when it will be reviewed by the government. We should be able to automatically update your bills for the new financial year to show the relief your business is entitled to. The bills will be sent out in March 2023. We will update this page as soon as we have more information about these schemes. 2023 revaluation All properties in the rating list have now been revalued as part of the 2023 revaluation. This sets out what rateable value we will use to calculate your business rates bill from 1 April 2023 and is based on an estimated market rental value of your property on 1 April 2021. You can check what the rateable value of your property will be from April 2023 on GOV.UK. The value can help you estimate how much business rates you’ll pay next year.