Peter Foley is our resident guru here at CPA, and has been passionately following the shifting world of business rates for many years. With a keen political insight, Peter’s writing reveals how policy change is key to understanding your business rates further, and how this could translate into substantial savings. In his weekly column, Peter also outlines a desired path forward, with changes we’d like to see implemented for a fairer system on the nation's business rates.
September 2022 will see the 100% Covid business rates relief run out, for firms in the retail, hospitality, and leisure sectors.
Covid relief will still be available, albeit tapered to 50%. So the door remains at least partially open.
Cynics might say that, with 333 English councils separately managing the disbursement of government funds, there were bound to be delays and confusion. (A profitable outcome for hard-pressed authorities?)
We urge both businesses that refused relief, as well as those daunted by the paperwork and tight deadlines, to contact our team for help and advice.
Recently, we've has won substantial sums for our wide variety of clients, both retail and industrial/commercial.
Additionally, We've won lower rateable values for businesses, together with sizable sums in rebates. (This last point is crucially important, as the new Rating List, due in early 2023, removes all chances of backdated compensation, however just your claim!)
The government is currently exercised by the details of transitional relief, in readiness for the new Rating List. This is a sure sign that the bitter pill of higher bills is being sweetened.
One ray of hope is the prospect of an effective challenge to your current rates bill, and substantial rebates dating back 5 years.
But hurry: challenges need to be settled before April 2023.
With our specialist team of dedicated advisors, and our RICS-regulated surveyors, we'll take all the care and attention you would lavish on your claim- if you only had time, expertise, and sophisticated databases for persuasive comparisons to be made.
We urge all relevant businesses to get in touch to qualify for financial help from the government. And if your business has previously been unsuccessful in qualifying for help, don't worry: We're happy to represent you!
If you request a free consultation with one of our consultants. be assured that your case for Covid relief will be taken on immediately, well within the qualifying period.
For an immediate response to your request for practical help, get in touch.