?? New Business Rates Duty: Here’s What You Need to Know!

Big changes are coming for business rates in England and Wales! Starting in 2026, businesses will have a new duty to inform the Valuation Office Agency (VOA) about any changes to their property. This includes updates on the occupier, leases, rents, and property modifications. By 2029, the system will be fully activated, and ratepayers will also need to confirm any property changes once a year.

Why it matters: The aim is to ensure that property revaluations are more frequent, reflecting market shifts faster. This means more accurate business rates, giving businesses a fairer and more up-to-date system.

While you don’t need to take action yet, it’s a good idea to start tracking property changes now. The VOA is working closely with businesses to ensure a smooth transition. Stay ahead and be ready for the upcoming changes!

Are you prepared for the new duty? ??

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