All companies who occupy premises need to pay non-domestic rates on the premises, which 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 responsible.
The non-domestic rates are an annual charge payable to the local authority based on the Rateable Value. This is based on the hypothetical rent for the accommodation that you are responsible for, whether it is occupied or not occupied. The current rateable value was last re-valued in 2005 and the next revaluation will be in 2010. If part of the premises have been demolished, then it essential to lodge a Rating Appeal as the rating charge in based on the lettable space.
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.
