Business Rates Solar Panels

Do you have solar panels. Business rates are administered by the valuation office agency an offshoot of hmrc which uses a formula based on the rental value of a firm s premises. Philip eagle tax director at accountants and hub partner hallidays outlines how companies with solar panels could be impacted by recent changes to business rates and what the solutions could be.

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Under proposed rateable values for commercial properties from april 2017 owners of solar panels have been split into two categories those that export over 50 per cent of their generated power to the grid and those that mainly use it to power their own operations.

Business rates solar panels.

Check your business rates. Putting in solar panels is classed as an. As of this april 2017 there has been a substantial increases in business rates for organisations with their own rooftop solar where the majority of the power generated is consumed onsite by the system owner the sta continues to lobby for fair business rate tax treatment for this important application of solar. Sta solar business rates description.

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