Business Rates Reductions
If you occupy a commercial property and pay business rates, then you may believe that you are overpaying. If this is the case, then you should consider different ways to reduce your non-domestic rates liability.
It is always a good idea to check with an expert that you are paying the correct amount for your business rates. There are many ways in which you could have been ended up paying more than you should.
Below, we will cover several different factors that you should be aware of.
Factors Affecting Business Rates
1)The Valuation Office Agency (VOA) or your local council may have made a mistake when measuring your property and/or calculating its rateable value. The people working for the council and VOA are only human, and often make mistakes! Why should you pay for their mistake?
If you believe that you are paying too much for your business rates, then please send us a copy of your most recent business rates bill.
We will thoroughly check your business rates bill at no cost to you.
2)Has your property been split, or divided into multiple units?
In this situation, you may be paying too much. However, your council won’t know this until we inform them through the “Check and Challenge” process.
Generally speaking, reducing the size of your property should reduce your business rates. Your property may also qualify for “small business rate relief” and in some cases, receive a discount of up to 100%.
We can ensure that you receive any reductions for which your property qualifies. Please get in touch.
3) If your property is registered as a place of worship, is used for charity work, or used for the training or welfare of disabled people then you may be eligible for a discount of up to 100% of your business rates.
4) If your property is used for retail eg a cafe, restaurant or shop, you may be entitled to a business rates discount.
5)If you have converted part of a commercial property to residential eg converting the second floor into a flat, then you may be able to have your business rates recalculated, as well as qualifying for a retail property discount.
6) If your property has been affected by long-term local road works, which have affected your business, you may be eligible for a temporary reduction in your business rates. Please ask for details.
7)If your property has been empty for some time because of fire, flood or renovation works, then we may be able to secure a business rates reduction for the period the property was empty.
8)If there have been any significant changes to your property such as a change in size, or removal of any industrial machinery or air conditioners, please get in touch.
9) If your business rates are calculated using a different value per square meter than your neighbours, or there are any other differences or discrepancies, this could indicate a miscalculation by the VOA or council.
10) If you know of any reasons that are not listed but that you think might affect your business rates, please contact us. We can check for you.