You will have received notification of a change to your Valuation Roll entry, with advice that the law has changed in respect of the valuation for non-domestic rating of Self-Catering Holiday Accommodation. For the purposes of the communication, the financial year is defined as 1 April 2022 to 31 March 2023.
“2. Any lands and heritages –
a) which are not the sole or main residence of any person; and b) which either –
These regulations relate to the requirement that, to be classed as self-catering holiday accommodation, premises must be let for a period of at least 70 days in the financial year (in addition to the existing requirement that the premises be available for letting for 140 days or more).
If your property is available for let for under 140 days, it means the property is in the Council Tax system; if it is available for let for over 140 days, it places the property in business rates. In order to be eligible for Small Business Bonus Scheme, you will now have to evidence the property being let for over 70 days per annum.
You will be sent a form to fill in for each self-catering unit on the rates roll. It will ask you to confirm that the following apply:
You will be asked to provide evidence of the following:
If you are a SuperControl client, it is easy to pull a report under Statistics / Property Performance.
If you fail to return the declaration within 28 days, or do not satisfy the requirements, the property will be deleted from the Valuation Roll and entered into the Council Tax Valuation List with effect from 1 April 2022.
From 1st April 2023, you can get non-domestic rates relief through the Small Business Bonus Scheme if:
The benefits
Based on the total (cumulative) rateable value of all your non-domestic premises, the following relief is available:
If you face significant liability increases then you may be eligible for transitional relief. The level of relief depends on the Rv increase and whether you were in receipt of small business relief or not. If you were in receipt of 100% small business relief then your rates bill will be limited to £600 in 2023, £1,200 in 2024 and £1,800 in 2025. The other transitional relief limits are:
RV Range | Max Cash Terms Increase | ||
2023-24 | 2024-25 | 2025-26 | |
£0-20,000 | 12.5% | 25% | 37.5% |
£20,001-100,000 | 25% | 50% | 75% |
£100,001 + | 37.5% | 75% | 112.5% |
Reliefs need to be applied for rather than provided automatically.