Whether you have a single property or portfolio we will work to secure the lowest possible rates liability for you.
The basis of business rates is the rental value of your property, known as the Rateable Value (RV). The 2023 Rating Revaluation will be based on a valuation date of 1st April 2022 in Scotland and 1st April 2021 in England and Wales. The RV is set by the Assessor/ Valuation Office Agency and whilst they will be as accurate as they can be, there are reasons why this is not always the case. WYM Rating will review your RV, free of charge and without obligation, and advise on the prospect of a successful appeal.
We will inspect and advise you upfront on any appeal prospect, although sometimes time-limits in Scotland may require an appeal to be lodged first to protect your interests. If this does occur we will inspect and advise you on appeal prospects as soon as possible. If your RV is fair, we will advise you up front. We do not believe in wasting your time in pursuing appeals where the RV is fully justified. Our professional approach ensures that you know at the earliest possible opportunity if there is a potential rates saving.
Our expertise will enable us to guide you through all stages of the appeals process. Whilst most cases are resolved by negotiation, we successfully represent clients at the Local Valuation Appeal Panels, The Lands Tribunal, or The Lands Valuation Appeals Court, as required.
Unfortunately, rating legislation is very complex. The safe advice is to consult the professional – your chartered surveyor – at the earliest possible stage in the process. Beware of unqualified ‘advisers’ or ‘consultants’ who claim they can achieve a reduction in your business rates. The less scrupulous may take your money without delivering anything. ~ Source: RICS
Unfortunately some ‘rating consultants’ are not scrupulous and will use any means possible to tie you into a rating consultancy contract, often with the promise of substantial guaranteed savings, coupled with upfront fees. Savings cannot be ‘guaranteed’ before any property is inspected. Any company claiming that they WILL reduce your rates liability on the basis of a cold call should be ignored. WYM Rating will offer you impartial, independent and professional advice, with no upfront costs.