Posts by Chris Goodhand
The 2023 rating period is here… but it is not too late to take action on your 2017 rating assessment!
Our team is proud to be able to support Ratepayers with every aspect of the Valuation Office Agency’s Check Challenge Appeal process. We can provide our clients with support in claiming their property and registering us as their Agent for historic appeals against their business rates liability… going back as far as 1st April…
Read More2023 Business Rates Revaluation
Business rates revaluation: concepts All non-domestic properties in England, Scotland, Northern Ireland and Wales pay non-domestic rates, more commonly known as ‘business rates’.Each non-domestic property is assigned a ‘rateable value’, which represents the rental value of the property on the open market on a specified ‘antecedent valuation date’ (AVD). The rateable value is then multiplied…
Read More2023 Draft Rating List is now Live
Well ahead of the deadline for publication (31 December 2022) and timed to neatly coincide with the Chancellor’s Autumn Statement, the Valuation Office Agency have now published the Rateable Values from 1 April 2023. In his statement the Chancellor acknowledged that the important principal of Business Rates to accurately reflect market valuations, and the Government…
Read MoreChanges for Holiday Lets… The Start of Covid Relief Reclamation?
From April 2023, when new Rateable Values become effective across England and Wales, new eligibility rules for business rates will apply to self-catering properties. From that date, if a property used as a self catering holiday lease fails to meet these new rules the property will become subject to Council Tax. The rules will be…
Read MoreRenewable Energy and Rateable Values – is ‘Going Green’ worth it?
In October 2021 the Government announced business rate exemptions for eligible plant and machinery used in onsite renewable energy generation to be effective from 1 April 2023 until 31 March 2035. This was then scheduled to take effect as soon as possible after 1st April 2022 as the Valuation Office Agency (VOA) began work on…
Read MoreTHE POTENTIAL SOLUTION TO INCREASING ENERGY COSTS
Hampton Lovett has been providing free business rates assessments since 2017, and we have recently seen a large increase in the number of businesses looking to save costs and prepare for new liability levels from 1 April 2023. In the last week, we have seen assessed properties with Rateable Values in excess of £3.5 million,…
Read More2023 RATING REVALUATION: UNCERTAIN, CHALLENGING TIMES AHEAD
On 1 April 2023 all commercial properties will be reassessed for business rates based on, in many cases, theoretical open market rental values as of 1 April 2021. At that time the UK was in lockdown with many businesses closed, with a large proportion of the workforce required to work from home. The Valuation Office…
Read MoreREVALUATION 2023: DRAFT RATING LIST IS COMING BUT WHAT DOES IT MEAN?
The next stage in the process is the publication of the Draft Rating List which should have been published by the Valuation Office Agency (VOA) on 31 October 2022 was breifly shuffled back to 21 November 2022, but now looks scheduled for release on 31 December 2022. The Draft Rating List is exactly what it…
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