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On present trends, business rates will rise by around 5% next year,

Updated: Oct 18, 2023

Time for a careful analysis, says Commercial Property Advisors (CPA).

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.

Attention business owners! If you're feeling the pinch of rising business rates, I have some exciting news for you.

It's no secret that the UK's economic recovery heavily relies on affordable business rates. However, despite these challenging times, the Treasury managed to extract an extra £2bn from businesses in 2023! Not only that, but we can expect a 5% rise in rates in 2024, blamed on inflation yet again. But here's where things get interesting – inflation becomes a self-fulfilling prophecy when the government keeps adding inflationary rises!

So, what's the solution, you ask? Look no further than Commercial Property Advisors (CPA). With their offer of FREE, RICS-regulated surveys and a wealth of important data, they can assist businesses of all sizes, types, and locations in challenging the Valuation Office.

The best part? CPA operates on a results-based approach, meaning their competitive and straightforward commission is only derived from the savings won at appeal. This process ensures a worry- and time-free experience for you.

Given that even the worst of times couldn't stop the Treasury from imposing ever-rising bills, and with various reliefs coming to an end, now couldn't be a more perfect time to seek further help and advice from CPA

Remember, navigating the complexities of business rates can be a challenge, but not with CPA by your side. Their team of RICS-regulated surveyors is ready to provide a forensically-researched approach to ensure your business gets the fair treatment it deserves.

Don't miss out on this opportunity to ease the burden of business rates. Reach out to CPA today for expert guidance and assistance. Let's tackle this challenge together and pave the way for a successful future!

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