Rural Business Rates

Posted by Land Partners on May 1, 2013 in Business Rates | 0 comments

A little warning of a potential issue for those who have found an alternative use for a building on their farm but are yet to pay any business rates.  From April 2013, local councils will take on a more direct relationship with the business rates which they collect.  Whereas the current regime means that a local authority is responsible for collecting business rates, the money collected is then transferred to central government.  From central government, funds are distributed according to a prescribed formula which does not rely on the amount of business rates collected.  This provides...