What you must do for your holiday let to receive business rates, and the April 2023 eligibility rules.
From 1 April 2023, new eligibility rules for business rates apply to self-catering properties in England and Wales.
The business rates criteria
To remain eligible for business rates from 1 April 2023, a holiday let property must meet the Valuation Office Agency's (VOA new criteria:
- available to let for short periods for at least 140 nights in total over the current and previous tax years
- actually let for at least 70 nights in the last 12 months
If the property doesn't meet the criteria
The property will be listed in the valuation listing and will be eligible for paying Council Tax.
What you must do
All new self-catering accommodation must initially be entered into the Council Tax list, for at least the first 140 days.
Only when all the criteria rules have been met, the VOA will:
- consider deleting the property from the Council Tax listing
- enter the property into the Business Rates listing from the 140th day
The property must have been made available from 11 November 2022, or earlier, to meet the availability test on 1 April 2023.
You'll need to contact the VOA directly on 03000 501501 to discuss a change to a holiday let.
Alternatively, you can complete the VO 6048 form and return it directly to the VOA.