Now is the time to consider your requirements for business rates support from April 2021. Our business rates team will provide detailed analysis, guidance and practical yet innovative ways to limit your annual rates liability.
The Government should take advantage of this stable period to look again at the business rating system. We would recommend outlining an upwards only transitional scheme, review all business rate reliefs and introduce a fixed rate multiplier of no more than 40 pence in England
Business rates can be the largest tax paid by companies. Over the past 10 years, we have saved our clients more than £1billion in commercial property rates. No matter what the property type, our business rates specialists will provide the solutions you need to ensure you pay the lowest possible rates for your business.
2021 Rating Revaluation Report
Our latest Rating Revaluation report includes the recommendation for substantial changes to be made in the business rating system, forecasts by sector and an estimate of the total rateable value.
Rateable values reflect the annual rental value of non-domestic property. When rents are rising, the total rateable value in the rating list will increase, potentially enlarging the tax base upon which the tax is levied. If rental values were to rise faster than inflation, over time the rating multiplier would fall to balance out the total rateable value.
The following chart shows these changes cumulatively and weighted by the proportion of the rating list contained in each sector. In 2015, offices were leading rental growth, but the rate of increase declined from 2016, and industrial and logistics took over as the main rising sector. Overall the picture is of steady positive, if unspectacular, growth with the industrial sector likely to suffer the most from April 2021.
Fill out this form to download report
Our Business Rating Services
Experience the highest quality check, challenge and appeal submissions.
Our valuers have a proven track record in the tribunals convened to determine rating disputes.
Temporary liability reductions
Get advice on situations and negotiate allowances to reduce your commercial property rates
Rate management, payment & audit
Receive a full rate management service to check each rates bill against the legal liability and a full treasury service for payments.
New properties & completion notices
Get strategic advice on all aspects of new buildings including Completion Notice procedures, ensuring properties are assessed from the correct date and at the right figure.
Empty rates relief
Maximise your savings and relief from rates.