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Business rates revaluation 2017: an explanation

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On 1 April 2017 the business rates payable in respect of properties in England and Wales will be changing. Business rates are the tax that businesses pay on the retail, office and industrial premises that they occupy.  The total tax payable by an occupier is based on the rateable value for the premises combined with a multiplier, which is a figure set by government each year. Although rateable values are usually revaluated every five years, the changes on 1 April 2017 are set to be much more...

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