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“Rates have to be paid by most companies,
but this is a charge which can be challenged, similar to rent and insurance costs. This can reduce your company costs. |
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| 2010 Rating Revaluation - Are You Ready? |
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All companies who occupy premises need to pay non-domestic rates on their
premises, whether
they either own or lease. As from 1 April 2008 all companies must also pay
non-domestic rates on empty premises for which they are |
Now is the time to start thinking about the 2010 Rating Revaluation and the impact on your balance sheet.
Fairhurst Estates has a wealth of experience in dealing with Rating Appeals with Valuation Officers throughout the United Kingdom, in order to keep rating liabilities to a minimum. Upon receipt of an instruction, an experienced Chartered Surveyor will need to inspect the premises and carry out research into your Rateable Value. If it is considered to be excessive then a Rating Appeal will be lodged on your behalf. Negotiations will commence with the Valuation Officer to agree to a revised Rateable Value, based upon local market evidence. Once a settlement to a reduced Rateable Value has been agreed, then you will receive an appropriate refund from the local authority shortly afterwards.
Since Fairhurst Estates Limited charge a success related fee, then there is nothing to lose in speaking to us and getting some initial advice. |
responsible, unless the Rateable Value is less than £15,000, and then there is no rating charge. This is currently only for the 2009/2010 rating year.
The current rateable value was last re-valued in 2005 and the next revaluation will commence on 1 April 2010 and this will be based on a hypothetical rental value as at 1 April 2008. The 2010 Rateable Value will be applicable for a period of 5 years, unless this is changed by the Government.
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For further information visit
www.fairhurst-estates.co.uk/rating_appeals.asp |
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