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Business Rates | Business Ratings | Image of magnifying glass over a property | Chartered Surveyors Richard John Clarke

Business Rates

Our aim at Richard John Clarke is to obtain a reduced Rates bills for our clients. We can offer excellent advice with two Partners having first hand experience of working in the Valuation Office, the Government agency responsible for assessing Rateable Values.

As part of the service provided by Richard John Clarke Chartered Surveyors your business will receive a Rates MOT, incorporating;
  • Checks on your rates bills
  • Survey and Valuation of the property
  • Comparison of business floor area with the records held by the Valuation Office.
  • Advice on whether it would be prudent to challenge your Rateable Value.
Following the consultation, the appropriate appeal documentation will be lodged with the Valuation Office. Richard John Clarke will act on all the necessary negotiations with the Valuation Office in order to keep your liabilities to a minimum.

What are Business Rates?

Business Rates are a tax on the occupation of non-residential property. The Rateable Value is defined as the estimated Rental Value of a property. The current Rateable Values are based on values as of 1st April 2003 (Ante valuation Date) and came into effect on 1st April 2005 and will last until 31st March 2010.

Valuation Office Agency

The Valuation Office Agency is currently in the process of re-valuing every non-domestic property, with new values coming into effect from 1st April 2010. These values will largely be based on Rental Levels as of 1st April 2008

Should you challenge your Business Rates?

Business Rates currently bring in 15 billion of Revenue to the Government, which is a similar amount to the total raised by Corporation Tax. This revenue is based on the Valuation Offices estimate of your properties Rental Value. As with all estimates the end figures can be either too high or too low.

You should be aware that Rates can be increased as well as decreased. On this basis we would suggest that all Ratepayers should seek professional advice on this matter before making a challenge to their Rateable Value. Just as a prudent Company Secretary would seek the advice of an Accountant in the event of receiving a large tax bill, so should a Ratepayer seek the advice of a qualified Rating Surveyor after receiving a Rates Bill.

Richard John Clarke Chartered Surveyors are active members of The Institute of Revenues Rating and Valuation, regularly attending conferences and lectures on the subject of Rating and Valuation.

Rating Advice

For a free, no obligation consultation, please call our Rating Expert on (020) 8505-2065 or email us.

Richard John Clarke - Chartered Surveyors
info@richardjohnclarke.com
29 New Bond Street
London
W1S 2RL
Tel: (020) 7499-8043
Fax: (020) 7307-0849
Unit 1, The Galleria
180-182 George Lane
South Woodford
London E18 1AY
Tel: (020) 8505-2065
Fax: (020) 8989-6979
 
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