Business rates are set to change following revaluation of properties in 2017. This means it is an ideal time to assess whether your business is likely to see any adjustment.

Properties which incur charges

Business rates are charged on most non-domestic properties, such as shops, offices, pubs, warehouses, factories, holiday rental homes or guest houses. You’ll probably have to pay if you use a building, or part of a one, for non-domestic purposes.

Local authorities send business rates’ bills in February or March each year, for the following tax year. You can estimate your bill and contact the Valuation Office Agency if you think that a property’s rateable value is wrong and a bill will be reduced if your property is eligible for business rate relief.

There are exemptions, including farm buildings and land, fish farms, places of public religious worship and buildings used for training or welfare of disabled people.

Revaluation in 2017

At revaluation, the government adjusts the value of business rates to reflect changes in the property market. It usually happens every five years and the next revaluations will take place in 2017 in England, Scotland and Wales.

Benefit of our advice

We have established an alliance with two experts in rates negotiations. They look at your rateable value (RV) and see if there may be potential to save you money. If a business owner has more than one assessment, it may be possible to merge the RVs and allowances for a fragmented layout or split site. 

A reduced RV could also occur for temporary period whilst building work is undertaken. If a ratepayer is making substantial alterations or refurbishing a premises, there may be scope for zero RV, assuming the premises are empty for the work’s duration. 

We can support you with advice and guidance on business rates whenever the need may arise whether that be for existing properties or for properties you may be considering acquiring. 

For a free no-obligation discussion about your business rates or for further information please contact Geoff Rhodes on 023 8046 1239.

Lead Contact


Tax Updates