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Offices to share £481 million business rates rebate following surge in appeals
PA
21 December 2020, 2:39 pm
Businesses across the country are set to save £481 million as the Government said offices that have appealed their business rates bills can have a 25% rebate as a result of the coronavirus pandemic.
The Valuation Office Agency (VOA), which is responsible for issuing rates bills that apply to all commercial premises, issued an interim agreement with businesses citing a material change in circumstances.
Chancellor Rishi Sunak said in March that 358,264 occupied retail, leisure and hospitality premises can have a 100% business rates holiday for the 2020/21 financial year worth £10.13 billion in England.