Press Release – 10/10/04 |
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Throughout October the Valuation Office of the Inland Revenue is notifying business occupiers of the new rateable values for offices, shops, factories and all other business premises. The amount of rateable value determines the level of business rates payable. The new assessments come into effect in April 2005. From the New Year occupiers will have an opportunity to appeal against these assessments. The information from the Valuation Office includes a “summary valuation” explaining how the new rateable value has been calculated and with these new assessments the government is claiming that many companies will be paying less. Don’t take this at face value! Business rating remains a complex area of legislation and although there are numerous concessions available for small businesses, rural areas, charities, etc. factors such a transitional relief arrangements often limit claims. Pooks can advise you whether or not your new assessment is realistic and if necessary submit a rating appeal on your behalf. Please contact Charles Howell – 01743 276633 for further details. Useful websites: www.voa.gov.uk
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