Commercial property owners and tenants will know that since the 1st of April, their business rates liability has changed. What some might not be aware of, or have the time to investigate, is that commercial properties can be incorrectly valued, and thus commercial property owners and tenants may be overpaying on their business rates tax. For months, people anticipated a hike in business rates, and with the arrival of rates bills in March, that was very clearly true. “It is essential that business rates payers ensure that the rates bill they received was the correct one.” Anthony Hughes, Managing Director of business rates reduction specialist RVA Surveyors, explained. Even with the overall decrease in the retail sector, businesses owners and leaders are considering shutting their doors for good.

Source: The Guardian June 07, 2023 13:26 UTC