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From April 2025 & 2026/27
The current 75% discount on business rates is set to expire in April 2025, this will be replaced by a discount of 40% (maximum discount of £110k). In addition, there is a plan to introduce permanently lower business rates for high-street retail, hospitality and leisure properties from 2026-27.
If you are affected by the business rate increases here are some practical steps to plan ahead and soften the potential impact:
These steps will help you prepare for the increase and hopefully ease the impact on your business finances. It’s also worth keeping an eye on government announcements, as new relief programs or rate adjustments sometimes come into play for small businesses.