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Business rates ruling and the impact it has on occupiers

The new business rates implementation which took place on April 1st 2017 has been well documented in the media, with many occupiers seeing increases in their business rates bills in the South East and Central London. Fringe areas such as Shoreditch and Clerkenwell have seen huge rental growths over the last seven years, and as such, business rates in these areas have risen considerably – upwards of 80%. However, two recent significant legal cases will undoubtedly impact how and when business rates are paid.