Explorer House, Adanac Drive, Southampton
Headquarter Offices - 8,461 sq. ft. - 31,155 sq. ft. (786.05m² - 2,894.43m²)
Parklands Business Park, Denmead
Industrial Unit - 27,600 sq. ft. (2,565.3m²)
The Quay, Southampton
Office suites to let - 1,524 sq. ft. - 23,152 sq. ft. (141.2 m² - 2,151 m²)
E6 Fort Wallington Industrial Estate, Fareham
Industrial Unit - 3,438 sq. ft. (319m²)
A5 Endeavour Business Park, Havant
Modern offices 2,265 sq. ft.
200 Ricardo Way, Lymington
Trade counter unit - 4,113 sq. ft. (382m²)
Second Floor, 3500 Parkway, Whiteley, Fareham
Open plan offices to let - 8,248 sq. ft. (766.01m²)
10 Kites Croft Business Park, Segensworth
High quality industrial/warehouse unit to let - 30,558 sq. ft. (2,839.02m²)
2016 Budget – Business Rates Ramifications
- Author: Andy Hellier
- Date: 1st January 1970
With the Business Rates Revaluation fast approaching, proposed changes to the appeal system and changes to Small Business Relief announced by the Chancellor in the Budget, there has never been a more important time to seek professional advice.
The Budget announced significant changes to the implementation of Small Business Relief. Whilst details have yet to be finalised, the Chancellor announced that the doubling of relief will become permanent and the existing threshold to qualify for 100% relief will increase from the current figure of £6,000 (Rateable Value) to a revised figure of £12,000, with tapered relief available up to a limit of £15,000.
The changes will become effective from 1st April 2017. He also announced that rateable values as high as £51,000 will benefit from the adoption of the lower uniform business rate multiplier, thereby increasing the current limit from a rateable value of £18,000. These changes will entitle thousands of additional small businesses to qualify for the relief.
The Government’s planned radical overhaul of the appeal process makes it more important than ever for businesses to seek advice from an experienced rating advisor from the outset. If you should require further advice, please do not hesitate to contact us.
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