Independent Chartered Surveyors &
Commercial Property Agency

Regulated by RICS

Business Rates Revaluation 2017 and Appeals

Written by: Andrew Idle

22/11/2016 15:42

It has just been announced in the National Press, that no appeals will be granted under the new 2017 business rating list, unless the reduction in rateable value is at least 15%.

From our experience, it is not often that reductions in excess of 15% are achieved, though we did produce a saving of 30% in one case in 2016.

From our initial scrutiny of the new list, it appears that a significant number of assessments have been uplifted by more than 15% as shown in the new draft list; despite the fact that in many cases market rents have declined from the current rating list assessment date (1.4.2008) to the new one (1.4.2015).

So, our advice to owners and occupiers of commercial premises is to study your new draft assessments carefully with the help of an independent business rating consultant, such as Andrew Idle Associates, who has no vested interest in producing skewed or biased information.

Also, bear in mind that a new de-minimus threshold of rateable value £12,000 will apply from April 2017, and below that qualifying small businesses will be rate-free.

Andrew Idle