Non Domestic Rates – What a Business Should Do

The 1st April 2017 rating list assessments are based upon assumed “open market” rental valuations at 1st April 2015.

What should you do

• Visit gov.uk – business rates and check the factual accuracy within the Rating Summary Valuation i.e. car parking, area of property, extent of demise.
• Make sure you are receiving any relief due to your firm either in the form of small business rates relief – due up to the figure of £15,000 rateable value - or any relevant exemptions.
• Appeal. To be made to the Valuation Office. This may be required e.g. if there is a dispute over the open market rent valuation as at 1st April 2015.

Don’t forget you MUST continue to pay your bill whilst an appeal process is being followed.

If in doubt, our expert RICS qualified Valuers are here to help.