How can I achieve a reduction in my business rates?
If the Rateable Value for your premises is incorrect, and you think you are paying too much in business rates, you can ask for your property’s Rateable Value to be corrected by the VOA.
Business rates are a complex area, and although it is possible for individual businesses to check and challenge their own RV, it is often advisable to engage with a reputable rating agent. The legislation and associated processes can be complicated, and professional Surveyors backed with a strong data capability are best placed to achieve the best possible results.
It is wise to ensure any commercial property consultant you choose is aligned with leading professional bodies for qualifications, standards and best practice in property and rating. The Royal Institution of Chartered Surveyors, the Institute of Revenues, Rating and Valuation or the Rating Surveyors’ Association.
Always ask for a clear breakdown of the fees you will be expected to pay and never pay any fees upfront. No win no fee business rates specialists’ interests are fully aligned with their client and where the fee is a percentage of the money saved, there is no business risk.