Business rates are one of the largest overheads which typically equate to 50% of the annual rent on a commercial property. For the majority of companies this tax is too complex to understand, which inevitably results in missed opportunities to reduce business rates. To assist, Knight Frank have set out a simple guide to identify when you should consider contacting a specialist who can help with business rates reductions.
There are a number of important steps a business can take to ensure that it is paying the correct amount and is not overcharged. The majority of information needed will be found on the live rating assessment entry for the property which is held on the Valuation Office Agency’s website. In order to qualify for a potential business rates reduction:
Knight Frank has an excellent track record in helping large and small businesses contest and successfuly appeal business rates as well as manage rate payments, mitigating costs as every stage. Contact us for help and advice when it comes to reducing business rates. Our experts will be happy to conduct a full audit and provide recommendations on where we can save you money. Our services include
We advise clients on office space, industrial and retail premises as well as specialist properties such as hotels, leisure facilities and museums.