Business Rates
Introduction to Business rates
-
- Page 1 of 5
-
You are almost certainly liable to pay business rates if you occupy business premises.
Business rates are a tax based on the rateable value of the property, which reflects its rental value. The rateable value, can however, be challenged.
It may change in any case if the premises are altered or if their value is affected by changes in the locality. And some limited classes of property are exempt from business rates altogether.
Rating is complex and expertise is needed to chart a way through. Chartered Surveyors know the system and their knowledge may be able to save you money. What follows is based on the rating system in England and Wales. Somewhat different systems apply is Scotland and Northern Ireland.
RICS runs rating helpline, offering half an hour of free advice from a local rating surveyor. You can access this service by calling the RICS contact centre in the UK t 0870 333 1600.
