Our specialist rating experts can help you to achieve reductions in business rates.
Business rates are the third highest operational overhead for any business. So, a reduction in rateable value can have a major impact on your overheads and net profit.
At Humberts, our professional rating surveyors have a proven track record of success in challenging rateable values and helping our clients to reduce their liabilities. Our fees are frequently performance related to ensure the best value for you.
We represent a wide variety of clients in both the private and public sectors, including companies, local authorities as well as private individuals. We have particular expertise in specialist licensed and leisure rating, where we provide expert advice to several major pub chains and independent operators nationally.
All non-domestic properties are revalued by the Valuation Office Agency (VOA) on a regular basis and, in today’s volatile market conditions, these valuations should be scrutinised closely.
As the occupier, you have a right of appeal on any rating.
Appeals can be made if the VOA’s assessment cannot be supported by sufficient evidence or if there have been other material changes, such as redevelopment in the locality, during the term of the rating list.
The planned 2015 revaluation has been postponed until 2017. So, it is now even more important to have the rateable value of your property reviewed. Any savings following a successful appeal could benefit your business for up to seven years.
At Humberts, our professional rating surveyors can work with you to:
• Review the rateable value and advise on whether an appeal could be successful
• Keep track of any material changes that may necessitate future appeals during the term of the rating list
• Negotiate with the VOA
• Maximise refunds and future savings in rate liability
• Prepare cases for, and attend, any tribunals on your behalf
• Provide advice on rate liability and any relevant reliefs/exemptions
We can help guide you through the complex legislation that governs the calculation of rateable liabilities and also advise on the reliefs and exemptions that may be available to ratepayers.
Our rating team includes members of the Royal Institution of Chartered Surveyors, the Institute of Revenues, Rating and Valuation and the Rating Surveyors’ Association. All work is carried out in accordance with the appropriate professional codes of conduct.
Humberts specialise in providing residential, rural and commercial property advice. To find out how we can help you, please get in touch.