Everyone will no doubt have seen a lot of new, and sometimes confusing, information about Business Rates.
If your business is in the retail, hospitality and leisure sector we wanted to update you on the ways you could save money on your rates.
Like our client Bar Pina, those savings could have a dramatic impact on your business and refunds can still go back to 1 April 2017.
If your Rateable Value is currently over £51,000… can you appeal?
Businesses in the retail, hospitality and leisure sectors with Business Rates under the £51,000 threshold are eligible for 1/3rd off retail relief in 2019/2020 rate year.
The most common factors for a reduction include an incorrect initial trade information assessment, changes to local market conditions and structural alterations, but there are many factors involved.
Due to the impact of COVID, we also are appealing our clients properties rates for the longer term implications of the current situation.
Get in touch today and we can assess if you are likely to be eligible for a reduction that takes you below the £51,000 threshold.