How are Business Rates calculated?

Business Rates are calculated by multiplying the Rateable Value (RV) of a property by the Uniform Business Rates (UBR). The RV is the Valuation Office’s estimate of a property’s market rent at a set valuation date. We are currently in the 2023 Rating List with Rateable Values being based on a valuation date of 1st April 2021.

To assist, Walker Adams Associates have set out a simple guide to identify when you should consider contacting a specialist who can help with business rates reductions.

About Walker Adams Associates Ltd

We Are Here To Help

Business rates are a significant cost for every business. At Avison Young, we help you understand your exposure and provide advice to minimise your liabilities.

As one of the UK's largest business rates specialists, we work with our clients to develop bespoke strategies and solutions to reduce their liabilities. Our experienced team blends valuation expertise, technical excellence and regional knowledge.

Government devolution has resulted in an increasing divergence in business rates liability, appeal process and legislation across England, Wales, Scotland and Northern Ireland.

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Satisfied Clients

Have your business rates increased this year?
We can help you reduce your business rates bill.

In the increasingly challenging business environment, it's more important than ever to ensure overheads are kept to a minimum.

Business rates form a significant part of your expenditure, so it's worth reviewing on a regular basis to ensure that your business is paying the correct amount.

Business Rates Relief.

Following the 2023 revaluation, the threshold for Small Business Rates relief remained at £12,000. This means that all businesses that are classified as small businesses, that occupy commercial property with a rateable value of £12,000 or less, are eligible to pay no business rates. The sliding scale of business rates relief also remains the same at £12,000-15,000 bracket, which – albeit a narrow scale – is also offering substantial savings for those slightly larger properties.

Paying too much in business rates

Making sure you’re paying the right business rates is more important than ever. Business rates is a massive cost to any business and the impact of paying too much can be far-reaching. Getting good advice from our experts leaves you free to get on and run your affairs.

Free no obligation assessment 

We are a professional team combining 30 years of experience in reducing business rates. Because we are a small team we are able to give each of our clients a tailored personal experience. We don’t believe in hard sales or free pens! We just provide a good, honest, reliable service

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