Business rates are based on the local Authority’s or Valuation Office’s (VOA) estimate of the annual rent of a property, the calculation of them is often open to challenge, the role of Michael Marriott Chartered Surveyors is to assist in reducing your Business Rates and possibly obtaining you a backdated reduction.
With Michael’s experience of working in the Valuation Office his insight and expert knowledge has helped our clients with incredible savings.
The 2017 Business Rates revaluation came into effect on 1 April 2017 and introduced new rateable values for all commercial properties in England and Wales based on rental values as at 1 April 2015.
In the seven years that have passed since the last revaluation, there have been wide variations in how rents have moved, creating some significant regional and sectoral variations.
New appeal system
The Government has also introduced a new appeal system to coincide with the 2017 Business Rates revaluation, known as ‘Check Challenge Appeal’ (CCA). Ratepayers and their advisors will now have to follow this three-stage process if they disagree with their new rateable value.
These changes have introduced a great deal of uncertainty and bureaucracy to the business rates system, making it increasingly complicated and time-consuming for ratepayers to challenge their assessments.
With our expertise we can advise you through every step of the process to help keep your liabilities to a minimum and generate maximum savings wherever possible.