HOW TO CHALLENGE YOUR BUSINESS RATES



January 14th, 2022.



It’s up to you to challenge if you think you’re being asked too much in business rates. And with 85% of his challenges being accepted, Steve Hughes of RSA Surveyors says it’s worth doing.


Each year, the government sets aside an estimated £1.5 billion for business rates rebates. That’s a staggering figure, but there are two sides to that (very large) coin.

One way to view this is that there is a pot ready for businesses to benefit from should their business rates be miscalculated. That is, of course, a positive thing, but the business community should also question why this figure is so high. Just how prevalent is business rates overpayment and how often does a business miss out on a rebate or reduction? How can you challenge your business rates calculation?

All too often businesses assume that they are paying the correct business rates for their commercial premises. On the face of it, that’s a reasonable assumption. We are programmed to accept that our tax is calculated based on our circumstances and we very rarely question the...


For the full story at smallbusiness.co.uk CLICK HERE.

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