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22
Nov 2022
Last Updated: 22/11/2022
Business rates to reduce for majority of Harrogate firms, says BID
Harrogate district businesses can now track their rates online for the first time.
A Harrogate business organisation has said a new business rates valuation will see the majority of local firms pay less.
Following a government review, Chancellor Jeremy Hunt decided to progress with new valuations of properties as part of his autumn statement.
An online service is available to show firms whether their rates will increase from April 1, 2023.
Sara Ferguson, chair of the Harrogate Business Improvement District, said she welcomed the review by government.
She added that while some businesses will see their rateable value rise, they will still receive support from government.
Ms Ferguson said:
“For a number of years, Harrogate BID has been asking the government to review business rates, and I’m really pleased this has now happened.
“Looking at the website, it appears that the majority of the business have seen their business rates reduced, which will be a relief to many, particularly with the rise in fuel, raw materials and energy costs.
“And for those that have seen their rate rise, those at the lower end of the scale will still benefit from rate relief, with plenty of small business not paying anything at all.”
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Last week, Mr Hunt announced £13.6 billion worth of business rates relief targeted at businesses that may see their rates increase.
Mr Hunt said the move would help to “soften the blow” for businesses with new valuations.
Business owners can check their valuations on the government website here.
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