Your Business Rates Overview

Your Business Rates Overview

Non-Domestic Rates (or Business Rates, as they are more commonly referred to) are a form of taxation applied to commercial properties.

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The amount of Rates you pay is determined by the Rateable Value of your premises, and this figure will be shown on the front of your Rates Demand.

Unlike Council Tax Non-Domestic Rates do not include basic services such as waste and recycling collections. However, this may vary depending on your Local Council and you would need to contact them to see if this was a service included in the fee you currently pay.

Aside from premises that have been specifically exempt from Business Rates, every commercial property is assessed and given a Rateable Value by the Valuation Office Agency (VOA), which is an executive agency of Her Majesty’s Revenue and Customs (HMRC).

Generally speaking, the Rateable Value represents the open market rental value of a property on a particular valuation date. For the current revaluation period, which came into effect on 1st April 2017, the valuation date was set as 1st April 2015 – a commercial spike that preceded the uncertainties that the economy is facing as a result of the continuing Brexit negotiations.

The Rateable Value is used to calculate the basic annual rate charge by multiplying it by a ‘rate’ called the Multiplier.

The VOA compiles, and maintains, a list of all these Rateable Values.

  • Offices
  • GP/Dental Surgeries
  • Shops
  • Pubs
  • Warehouses
  • Factories

If a property, or any part of it, is used for commercial purposes there will be a requirement to pay Business Rates.

In the majority of cases, Business Rates are the second highest liability faced by companies operating in England and Wales, which is why it is vital to establish whether the Rateable Value of a premises is correct and fair. Contact us to find out how much we can reduce your costs by.

There are various factors which are taken into account when your Business Rates bill is calculated by the Valuation Office Agency

  • The total number of days within the business rate year for which you are responsible for the property
  • Rateable Value (RV): This is an assessment made by the VOA
  • Uniform Business Rate (UBR): This is a multiplier set by central Government UK wide and will vary depending on the size and location of the business
  • Transitional surcharge/relief or other supplements; such as Cross Rail contribution

The Business Rates you pay are based on all of the above factors, but the only one of these that can be challenged is the Rateable Value.

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I am delighted to write this letter of recommendation on behalf of Hampton Lovett.

We are a small business requiring large studio spaces to conduct our work. We have two properties with business rates to cover for both. It is essentially that every effort was made to secure correct and fair Rateable Values.

Hampton Lovett was absolutely instrumental in ensuring success in negotiation for the reduction of the Rateable Value for both the 2010 and 2017 listings.

Their work was efficient and professional; they proved our Rateable Value was incorrect and inflated for both properties. Due to their investigation and appeals we have received substantial and essential reductions in our Rateable Value with annual savings which have exceeded our expeditions.

Thank you Hampton Lovett for your continued professional services and efficiency in securing our reductions and savings.

Lyn Wilson at The Arts Garage Ltd.


Hampton Lovett Consultant Surveyors will do this for you.

We not only submit the relevant paperwork and supporting documentation but, most importantly, provide detailed evidence and use our extensive knowledge of relevant case law to negotiate with the VOA and secure the best results. We will compile a comprehensive report for you at the conclusion of your appeal.

A Word Of Caution

We are able to attempt the appeal on multiple times. We do have to wait a period of 6 months between each attempt at the Challenge. We are required to submit a check prior to each Challenge being carried out.

Get it right first time with Hampton Lovett Consultant Surveyors.

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