Earlier this year, we published a news article criticising the Government’s decision to postpone the next business rates revaluation from 2015 until 2017.
Our Rating Director Rod Edwards described the Government's decision as 'a badly thought out move, which will prevent any hope of rateable value realignment which ratepayers so desperately need'.
At the moment rates are based on rents in 2008, when the market was at its peak. The delay means that business rates liabilities will continue to increase in line with RPI through until the 2016/2017 rate year. Property occupiers are having to pay rates that in no way reflect their circumstances or the current value of the property
To illustrate this, we've broken down the issue into an easy-to-digest infographic that asks: are you getting a fair deal on business rates?
If you want to use this infographic on your website, simply copy and paste the code below. You can adjust the size of the infographic by adjusting the width value.
<img src="http://www.eddisons.com/uploads/images/eddisons.png" width="540" alt="Business Rates - Are You Getting A Fair Deal? Infographic"><br />Business Rates - Are You Getting a Fair Deal? – An infographic by <a href="http://www.eddisons.com">Eddisons</a>
Richard joined Eddisons in 2003 and has been the Managing Partner since 2012, a role that sees him lead the strategic direction and development of the business under the ownership of Begbies Traynor Group plc. Richard has been instrumental in the growth of the business which has seen turnover more than double since 2008.
In addition to his role as Managing Partner, Richard continues to play a vital role with key clients, particularly in the banking sector, where he is a trusted adviser to major high street clearing banks. Over the last eight years, Richard has been appointed LPA Receiver on many high profile properties and assists in the recovery of distressed loan portfolios.
Prior to joining Eddisons, Richard worked in the real estate division of a 'Big Four' firm where his notable assignments included the privatisation of Saudi Telecom for flotation on the New York Stock Exchange.