Valuation Office Agency

Business rates are worked out based on your property’s ‘rateable value’.  You can estimate your business rates by multiplying the rateable value by the correct ‘multiplier’ (an amount set by central government).

Your bill will be reduced if your property’s eligible for any business rates reliefs.

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The Government has a business rates appeals system to coincide with the 2023 Revaluation. How your property is valued and how your business rates are calculated remains the same – the key difference is in what happens if you think your business rates bill is inaccurate and want to lodge an appeal.

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This is where a process called “Check. Challenge. Appeal.”  comes into play. The CCA system creates a range of barriers and disincentives, such as fees and technical requirements. In addition, fines have been introduced for careless mistakes or submission of incorrect details.

 

However, with City Rates professional support, it is possible to navigate this system and secure a fairer deal. The reform has introduced an element of uncertainty to the business rates process and puts an even greater responsibility on to the ratepayer to ensure they are paying the correct amount.

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