It is not only at Rates Revaluation that FG Burnett's Rating team is delivering significant results for clients...
In addition to protecting our client's interests at Rates Revaluations, our Rating team has provided significant results to clients in the following circumstances:
- Rates Appeals
- Obtaining Reliefs
- Rates Estimates and Mitigation Services
- Rates Valuation Audit
- Assessor and Local Authority Information Notices
The legislation governing Business Rates is highly complex and our experienced team has a proven track record in negotiating significant reductions and reliefs on behalf of a range of landlord and tenant clients.
The Rates Revaluation in force from 1 April 2023 is the first since 2017 and all commercial properties in Scotland were revalued at this time. From 1 April 2023, Rateable Values are based on rental values as at 1 April 2022 and once Valuation Notices are issued, ratepayers have the right to appeal within strict time limits.
The Scottish Government committed to freeze the poundage (or tax) rates for 2023/24. In cases where Rateable Value has increased, those businesses will thus see their rating liability increase and this coincides with economic uncertainty, high inflation and other recent significant rises in costs for businesses. Even if Rateable Value has fallen, this does not mean it is any more accurate and it may still be higher than it should be.
The legislation is complex and the revaluation coincides with a new two-staged appeal system which affects the timetable and procedure for lodging appeals. It is essential that professional advice is sought to ensure your liability for rates is minimised.