Revaluation 2010: The Time To Act Is Now

Your Rateable Value will change on 1 April 2010.  This is the date of the rating Revaluation of commercial business rates in England and Wales. As a consequence, we need to be ready now. Statute requires your Rateable Value to be based on rental values as at the 1st April 2008.  Hence, we need to collect the all market evidence and rental information affecting your business right now.

  • We need to confirm the current rent you paying (if any) and the commencement date.
  • We need to know any alterations or changes to your premises.
  • We are happy to come and see you to get this information.

The Valuation Office Agency will publish the Draft Rating List with details of your provisional rating assessment on the 1st October 2009.  Bisset Moffatt Hill will thereafter write to our clients with details of the assessment with our recommendations.

Revaluation 2010: The Time To Act Is Now

Your Rateable Value will change on 1 April 2010.  This is the date of the rating Revaluation of commercial business rates in England and Wales. As a consequence, we need to be ready now. Statute requires your Rateable Value to be based on rental values as at the 1st April 2008.  Hence, we need to collect the all market evidence and rental information affecting your business right now.

  • We need to confirm the current rent you paying (if any) and the commencement date.
  • We need to know any alterations or changes to your premises.
  • We are happy to come and see you to get this information.

The Valuation Office Agency will publish the Draft Rating List with details of your provisional rating assessment on the 1st October 2009.  Bisset Moffatt Hill will thereafter write to our clients with details of the assessment with our recommendations.

Revaluation 2010: The Time To Act Is Now

Your Rateable Value will change on 1 April 2010.  This is the date of the rating Revaluation of commercial business rates in England and Wales. As a consequence, we need to be ready now. Statute requires your Rateable Value to be based on rental values as at the 1st April 2008.  Hence, we need to collect the all market evidence and rental information affecting your business right now.

  • We need to confirm the current rent you paying (if any) and the commencement date.
  • We need to know any alterations or changes to your premises.
  • We are happy to come and see you to get this information.

The Valuation Office Agency will publish the Draft Rating List with details of your provisional rating assessment on the 1st October 2009.  Bisset Moffatt Hill will thereafter write to our clients with details of the assessment with our recommendations.

My Public House – is the Rateable Value fair?

Nov-09-London-PubRoderick Bisset has recently reviewed several pubs in the South East who have contacted us through businessrates.com and there is a very similar thread connecting them.

If you occupy a pub where the Rateable Value has been reduced on the first attempt, this will be effective from 1 April 2005.  Following 1 April 2005 you the Publican must ask yourself, “Since April 2005 have there been a local physical changes that has affected my trade downwards?”

These examples maybe a super discounting Weatherspoons opening in the old snooker hall in your High Street.  Maybe Whitbread plc have opened a Brewers Fayre attached to one of their Premier Inns?  There are many forms of “material change” that can arise and where such a change does occur you need to contact our Licensed Valuers so we can advise you on your ability to make second or third appeals to ensure your rates liability remains fair.

Roderick Bisset is able to offer initial advice free of charge with a competitive fee quotation, bisset@bmh.co.uk

Recent Business Rates news & advice:

  • Budget on 24 March, 2010: Business Rates update
  • Eastbourne Hotels – new Business Rate reductions in 2010
  • Empty rates – your vacant commercial property
  • Small Business Rates Relief (SBRR) in 2010
  • NNDR reduces 15% from 48.1p to 40.7p in 2010
  • Crossrail Business Rate Supplement (BRS) from April 2010
  • Business Rates relief – what is a “small business”?
  • My Public House – is the Rateable Value fair?
  • Revaluation 2010: The Time To Act Is Now
  • Vacant Commercial Properties
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