Lees Solicitors - Are your business rates about to change? John Morshead

Commercial Property News

Are your business rates about to change? John Morshead


Are your business rates about to change? John Morshead

Revaluation of business rates takes place every five years and the next revaluation will take effect from 1 April 2010. The Valuation Office Agency (VOA) is responsible for valuing all business and non-domestic property in England and Wales for business rates.

On 30 September 2009, the revised draft rating list became available online. During October, the Valuation Office Agency notified ratepayers of the new rateable values, giving them the chance to check their details before local authorities calculate and issue rates bills in early 2010.

The Valuation Office Agency has provided details of various resources to help businesses with the revaluation process:

  • A dedicated website, Valuation Office Agency 2010 revaluation website, allows ratepayers to search for more information on the revaluation process, compare their details with other similar properties and, where necessary, contact the Valuation Office Agency for assistance.
  • A leaflet has been published by the Valuation Office Agency with guidance on employing a professional to advise on business rates issues: Business rates - getting professional advice.

It is important that business owners are aware of potential future changes in the business rates to ensure they can prepare for these changes.

If you would like more information concerning this particular issue then the Business & Property Services Department of Lees Solicitors LLP will be pleased to advise you.

John Morshead

 

This article provides a summary of a recent case/change in law/news item. It is intended for general information purposes only and is not to be relied upon. It does not constitute legal advice and should not be treated under any circumstances as a substitute for legal advice. Lees Solicitors LLP does not accept any responsibility for any loss that may arise from reliance upon the information contained within this article. The copyright in this article is owned by Lees Solicitors LLP and permission must be sought before reproduction or publishing.


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