Business rate levels are set by the Valuation Office, and are based on their estimation of the achievable rental for a non-domestic property. As business rates appeal specialists, Eddisons advise businesses throughout the UK on whether an appeal against their business rating could result in cost savings.
We advise on whether an appeal against business rates valuation is even appropriate, as it is easy to forget that on appeal, valuations can increase as well as decrease. We only make recommendations for a revaluation once the current situation has been assessed in full.
If we identify any anomalies or changes to business circumstance that have not been taken into account with the current valuation, our ratings experts will advise on the best course of action. These might include ownership of a vacant or partially-occupied property, or of a property in a rural area that might be eligible for specific relief.
It is vital that businesses seek professional guidance before approaching the Valuation Office in this respect. Our team has specialist knowledge in education and healthcare, and helps sole traders and companies across all industries, offering the vital insight needed to make a successful appeal.
In addition to achieving a reduction in future business rates, we are often able to secure a full repayment of previous instalments plus interest. If an appeal is successful, it can bring about considerable cost-savings.
Finding reliable and experienced business rates appeals companies can be difficult. Our reputation speaks volumes, however, as we have a significant retained customer base with some companies having stayed with us since the revaluation of ratings in 1973.
With offices around the country, Eddisons provides the professional and proactive approach needed to successfully tackle the issue of incorrect business rate valuation.
Find out more about Rating in our popular FAQs