Phillip Clint Ltd

Consultant Rating Surveyors

Business Rates

Business Rates are charged on the majority of non-domestic properties. The money that is received by Councils is then used to pay for local services.

A property is rateable if it appears in the Rating List which is compiled and maintained by the Valuation Office Agency (VOA). The current 2017 Rating List runs from 1/4/17 to 31/3/23. Each entry in this list has a Rateable Value (RV) which is an estimated annual rent as at 1st April 2015 levels of value.

The RV is multiplied by the Uniform Business Rate (UBR) to calculate the annual rates liability, subject to any adjustment for transition or relief. Each year the UBR changes in line with inflation - currently for large properties in England the UBR is 51.2p in the £RV.

Check Challenge Appeal

There is a new Business Rates appeal process in England from 1st April 2017 known as 'Check, Challenge, Appeal' (CCA)

The VOA deals with Checks and Challenges, while the independent Valuation Tribunal for England (VTE) hears the appeals.

Our practice has adapted to the CCA system imposed by the VOA and would only initiate a formal 'Check' if it is in our clients' interest to do so and after detailed discussions with representatives from the Company.

We have been, and continue to be, in regular contact with staff members of the VOA dealing with our clients' properties.

Revaluations

The purpose of a Revaluation is for the VOA to update the RV in line with changes in the property market and enables the Government to adjust the UBR.

The next Revaluation in England and Wales is now due on the 1st April 2023. It will be based on levels of value as at 1st April 2021.

A revaluation of business rates was due to take place in 2021 but to "help reduce uncertainty for firms affected by the impacts of coronavirus" this will be delayed by 2 years.