Ratings
Business Rates are a tax on the owners and occupiers of (non-domestic) commercial property and are calculated by reference to a Rateable Value which is assessed by the Valuation Office and reviewed every 5 years. It is calculated that rates typically equate to 45% of annual rent, making it one of the largest overheads for businesses and substantially impacting on the profitability of many organisations.
Rate payers have the opportunity to appeal the assessment and if it is high, we are able to reduce the valuation and hence the actual amount payable. The rating system is quite complex and we are able to offer expert advice to assess as to whether or not an appeal should be made and if so, negotiate with the Valuation Officer to seek a reduction. Our team offers an unrivalled level of knowledge, experience and success in the field of rating and we strive to actively secure savings and reduce rate liabilities for our clients.