What are business rates?

Market leading Business rates specialists

Business rates are a national tax on the occupation of non-domestic property and were introduced in 1990.

It has been seven years since all non-domestic properties in England and Wales were nationally revalued. The rateable value is the estimated rental value of the property at a date two years before each rating list comes into force, therefore the 2017 Revaluation will be based upon rental levels at 1 April 2015 and will form the basis of your business rates liability for the next five years. The system differs in Scotland, as there are 14 valuation rolls, each administered by a local Assessor.

The rateable value is then multiplied by the uniform business rate (UBR). The UBR increases each year in line with inflation.

As a ratepayer, you have the right to appeal against the rateable value of your property. In addition, there are various other ways to mitigate your rates liabilities. We have the right team and the expertise to identify these opportunities and to create substantial savings.

Are you keen to make sense of what you have to pay or how we can assist you in making savings? Are you making adequate provision in your future budget for rates liabilities and the impact of the 2017 revaluation?

To find out how we can help you through the 2017 revaluation or for business rates enquiries, please contact businessrates@gva.co.uk

Feature

Business rates calculator

GVA has developed an interactive business rates calculator to provide a clear indication of your new 2017 liability and to assist in your business planning. Get your five year liability forecast.

Click here to view your forecast.