Business Rates - transitional relief ends 31st March

Posted: Monday, 23 March 2009 @ 18:16

This was publicised in the Telegraph today and is another piece of bad news for businesses struggling with their cashflow.

The rateable value of some properties rose or fell in line with changes in rental values after the last revaluation on 1 April 2005 and 'transitional arrangements' were in place to phase in the increase or decrease in the rate bill. The next revaluation will come into effect on 1 April 2010.

The current transition scheme operates over a four year period from 1 April 2005. This means every ratepayer will pay their true rates liability in year five (effective 1 April 2009).

As a result, all National Non Domestic Ratepayers, whose bills are currently affected by transition may notice a considerable change to their rates charge with effect from 1 April 2009.

If you are affected by the end of the transitional relief it may be worth taking advice from a specialist rating surveyor.

If you need further advice on how to make a ratings appeal then contact me for further information

Steve Petty, Commercial Property solicitor

This blog is not intended to constitute legal advice, nor is it intended to be a complete and authoritative statement of the law, and what we say might be out of date by the time you read it. You should always seek legal advice to confirm whether or how any information in this article applies to your particular situation. We offer a free telephone consultation to discuss your particular circumstances.

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Thank you. Your response is great, very straight to the point! Hopefully this will bring an end to the matter. I will certainly be recommending your services as I am very impressed with the prompt dealing of this matter.
Janet Burbidge

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