Mar 11

Business Rates

Might you be paying too much in Business Rates?
Should you consider challenging them?
If so – you should act this month or lose out!

Rateable values from 2010 are based on 2008 valuations, these will apply until 2017.

Businesses are able to appeal against their rateable value.

Appeals served before 1 April 2015 have a potential of 7 years’ savings from 1/4/10 to 31/3/17 – savings can be significantly backdated!

Appeals served on or after 1 April 2015 will only be able to claim a maximum of 2 year’s savings – from 1/4/15 to 31/3/17 – savings will restricted.

This restriction was brought in in the Autumn statement and has received little publicity.

It is possible, to easily submit an appeal by 31 March. Professional advisors will then carefully examine the case you may have before advising on whether to formally pursue the appeal.

Advisors can assist on a no win no fee basis.

Many businesses have not appealed their property’s rateable value or even considered it. It is important that any business that is unsure of its position seeks advice or they could forego up to five year’s worth of potential retrospective cash savings.

Should you be concerned about your rateable value or need assistance looking into this further then we would recommend you speak with Roger Walker of Gerald Eve LLP. Roger has very recently been of great assistance, a flyer on the topic from his firm is here Rating Appeals Deadline

Tel. +44 (0)161 830 7096 Mob. +44 (0)7770 702034 RWalker@geraldeve.com

Gerald Eve LLP No. 1 Marsden St  Manchester M2 1HW www.geraldeve.com

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