Rating
Peter Barber: a specialist recommended by FindaLondonOffice
- Is it important to me?
- YES it's a tax on business occupiers fixed by the Government (HM Revenue & Customs) and collected by the Local Authority to pay for all their expenditure including education and services such as Police, Fire Brigade and Refuse collection.
- Can the tax be challenged and reduced?
- YES The basis of charge is the Rateable Value, which is reviewed every 5 years and can be challenged. The annual amount by which the Rateable Value is multiplied to produce the rates bill is fixed by the Government and cannot be contested.
- Does the Inland Revenue always get the Rateable Value correct.
- NO The current figure is supposed to be the Rental Value at 1st April 2003, but in many cases the HM Revenue & Customs had to estimate this figure and may have over pitched their answer, resulting in an over charge to the occupier.
- Is an appeal easy to lodge.
- YES and a rating advisor will probably charge on success so if there is no saving there will be NO FEE.
- RECOMMENDATION
- Get an advisor to check your Rating Liability. It could result in a substantial saving.
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