For 2020/2021, the Welsh Government has confirmed that their retail relief has been continued for properties with a rateable value up to £50,000.
The scheme reduces bills to zero for retail properties with a rateable value of up to £9,100, and £2,500 discounts for those with a rateable value between £9,101 and £50,000. As with the English scheme, it is subject to state aid rules.
The Welsh Government is also currently consulting on whether charitable relief for schools and hospitals provides fair and appropriate support, the potential effect of any changes, and any particular exemptions if current eligibility was to change. This follows on from a wider 2018 consultation on tackling rates avoidance, which has yet to result in any definitive changes.
It has also announced that a technical consultation on appeal reform in Wales will be issued shortly although the decapitalisation rate for valuations on the contractor’s basis in respect of the 2021 Rating Revaluation has been confirmed at 3.5% (or 1.9% for educational, healthcare and public convenience hereditaments).
UBR Multiplier for 2020/21
The Welsh Government has confirmed the UBR will increase to 53.5p for 2020/21. Please contact us to understand how this will impact your liabilities.
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