What to do when your business rates bill arrives


Posted on Tuesday, March 17, 2020

What to do when your business rates bill arrives

As a new tax year looms, so too does the arrival of the next business rates bill. When it does, it’s time to get in touch with us here at FSS so that we can check it and, if necessary, get the appeal process rolling quickly.

This service is available to all businesses, not just those with properties let and managed by FSS.

Our business rates expert Dan Brumfitt has this advice: 

See it as an opportunity

A new rate bill is an opportunity to potentially make significant savings on your business costs if you qualify for exemptions and reliefs, which is why it is important to open it and act quickly, rather than putting it off.

Think outside the box

We have helped lots of businesses mitigate rates, particularly on empty properties. There are solutions to void costs such as offering the space to a charitable cause or considering using it for storage if suitable. Talk to us about your options.

Don’t take it at face value

Whatever the council or official sources tell you, if you think your rateable value might be wrong you should get it checked out independently. We have been helping local businesses successfully challenge their rate bills for more than 20 years and we know from experience that you could end up overpaying by £1000s if you don’t question the valuation.

Be wary of temporary rates exemption 

Even if your bill has rates exemption applied for three or six months, it is still important to have your bill reviewed. After this term, your full rates liability will be reinstated and you will be facing a large bill. 

Period of liability

The liability date will indicate when the property became your responsibility, or came out of an exemption period. Again, this needs checking as errors could cost you money.

Speak to a professional

As North Yorkshire’s biggest commercial property agent we are well placed to handle your rates review and any appeals or claims on your behalf. We have considerable expertise in advising individuals and portfolios, dedicated commercial and survey departments and experienced RICS qualified staff.  Give Dan Brumfitt a call on 01423 501211 or email dan.brumfitt@fssproperty.co.uk