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.
Warehouses and factories can expect a hike in their next business rates bills, and should act now to appeal for a formal revaluation.
The Valuation Office Agency(VOA) is currently basing its 2023 rating valuations on April 2021 rental growth, since 2015.
And that means that, despite horrendous trading conditions, industrial units and logistics units, in particular, are faced with typical increases in rates of around 19%.
It is bad enough that, for appeals against high business rates to be successful, you have to deal with a multiplicity (over 300) of local billing authorities.
Finding the most persuasive language and data, chivvying up bureaucrats, and trying to expedite paperwork, have always been a bugbear for appellants with a business to run. And now, with the disbursement of Covid relief funding being given over to local authorities, the potential for widely divergent criteria for formal appeals is magnified.
This is where our services could come in handy.
Supported by an enthusiastic team of RICS-regulated surveyors, we're able to give the required attention to each appeal which is not available to the hard-working and time-poor client.
Since the pandemic, we've been engaged as business rates professionals to address a long-standing problem of a stubbornly high annual expense.
Our competitive and transparent fees are entirely results-based, meaning that its surveyors can personally visit each of your sites, wherever their location, undertaking to keep you apprised of developments at all stages of the appeals process.
Contact CPA for a free no-obligation consultation - the best relief for the business rates headache.