London Office Costs: Business Rates

Are Business Rates 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.; Return To The Top
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 RV is multiplied to produce the rates bill is fixed by the Government and cannot be contested.; Return To The Top
Does the Inland Revenue always get the RV correct?: No. The current figure is supposed to be the Rental Value at 1st April 2003; In many cases the Inland Revenue had to estimate this figure and may have over pitched their answer, resulting in an over charge to the occupier.; Return To The Top
Is an appeal easy to lodge?: Yes. A rating advisor will probably charge on success so if there is no saving there will be NO FEE; Return To The Top

Get an advisor to check your Rating Liability. It could result in a substantial saving.

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