Non-domestic rates are a tax on the right to use and occupy commercial property and are based upon rental values. Rating revaluations are undertaken on a five yearly basis to ensure that these changes are reflected in the non-domestic rates that occupiers and owners are required to pay. The last revaluation came into effect on 1 April 2010 and is based upon rental values as at April 2008.
The Valuation Office Agency (VOA) has published the values for the 2010 Rating Revaluation. From now it is possible for you to access the Rateable Value for your own property on the
Taking early advice will help you to devise an appeal strategy and highlight opportunities where the greatest savings may be achieved.
Business rates services
Lambert Smith Hampton's (LSH's) 30-strong national Rating team can advise you on the accuracy of your rates liability, provide advice on rates allocation and help manage your rating appeal and payment processing.
We audit the accuracy of rates bills over the past 10 years and re-claim overpayments on your behalf. Rating appeal management and negotiation:
We appeal on your behalf for a reduction in liability and negotiate the appeal to a conclusion. Payment processing:
We take full responsibility for transacting the timely and accurate payment of your rates bills to the local authority. Rate allocation and budgeting:
For larger businesses, we design a business rates cost-sharing model and advise you on the fair allocation of charges across the profit centres of your organisation. Business impact assessment:
We review your property portfolio and advise you on longer-term strategies that can reduce your overall business rates liability. Rating services are also provided in specialist areas -
The water industry,
, Marinas, Advertising sites, Show houses.