Who pays business rates?
Business rates are payable on most commercial properties, both occupied and empty. The person entitled to possession of a property is liable to pay business rates charges, this will usually be the leaseholder or the owner of the property.
Many businesses are unaware that their RV could be incorrect, and they could reduce their rates bills.
As assumptions are made at Revaluation to assign a RV to your premises, it is advisable to check that the RV is correct, and you are paying the right amount, as a refund could be backdated to April 2017.
If you engage with a no win no fee business rates agent and they find your RV is correct, you can have peace of mind that your business rates bill is correct at no cost.
The Rateable Value is often first entered into the Rating List incorrectly. A speculative building finished to practical completion is not complete for rating purposes unless the billing authority has served a Completion Notice.
Responsibility for serving a completion notice sits with each Local Authority, rather than the Valuation Office Agency. This often creates inconsistency from Local Authority to Local Authority.
Even when served, many notices can be successfully challenged. Specialist Empty Rates Surveyors can provide further advice and guidance.