Business Rates: Start your appeal today and save £££’s
By the Association of Cycle Traders
On the 30th September the Valuation Office Agency published new business rates valuations for all businesses with a commercial premises.
Some values have increased substantially since they were last set in 2010 so businesses are advised to check their new value and commence the appeal process now before it comes into force in April 2017.
Check your new rateable value on the Valuation Office Agency website. If you are facing an increased rates bills, you should seek professional advice as to whether you are paying the correct amount. At the last assessment back in 2010, nearly three quarter of a million businesses in England and Wales challenged their business rates with almost 1 in 3 receiving a rebate.
Due to the high number of successful appeals previously carried out, the Government has now implemented ‘Check. Challenge. Appeal.’ (CCA), which can make the appeal process costly for ratepayers, both in terms of time and money spent preparing.
However, the ACT has teamed up with RatesRecovery, a leading business rates appeal company, to make the entire appeal process as simple as possible. Simply upload your current rates bill online and RatesRecovery will take care of the rest, informing you if your new rates are incorrect and carrying out an appeal on your behalf on a no win, no fee basis.
Ken Fosters Cycles in Manchester saved £3,000 with the help of RatesRecovery.
“Last year on the recommendation of the ACT we accepted an offer to review our current status with Manchester City Council. The RatesRecovery team were prompt and professional. We have, over numerous years, been approached by company’s offering a similar service, but to no avail. In this economic climate when every penny matters, I would strongly recommend their services.”
For further information contact the ACT on 01273 427 700 or visit www.cycleassociation.uk.
This advice article originally appeared in the Q1 2017 CyclingIndustry.News Trade Journal. In the UK bicycle trade and fancy a copy yourself? Sign up here.
