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Spiral Utilities - Joined up thinking on cost control

Experts in cost reduction

You may be paying too much

What are Business Rates?

Experts in cost reduction

You may be paying too much

Business rates are paid by almost all non-domestic occupiers throughout the country and are a charge for simply being in your premises.

The Valuation Office Agency (VOA) is a central government organisation as well as part of the Inland Revenue, and uses a wide range of property information to establish just how much your business rates should be.

This process is undertaken every 5 years and the latest national Revaluation is effective from 1st April 2010. The average rating assessment increased by 18% at this time, but there has been a wide variance depending on property type and location.

Of course, the amount the VOA thinks you should pay isn’t necessarily as low as it might be: the charge you receive is their interpretation of the information they have collected. Many companies may therefore be paying too much.