The Business Rates Appeal Consultation for your business

To maintain a fair trade, the Valuation Office Agency is rating properties in Scotland, Wales, and England. While this is being called an assurance of good setup, it has some bad news for many small to medium-sized businesses. If the rates of the properties are made high, then tax will be paid more. If you think of it, there are numerous businesses in the whole United Kingdom and such decisions are not in favor of them at a level. However, amidst this whole chaos of economy, there is a happy tiding to such parties that now you can challenge the decision passed on your property. But it is advised that before you take such step get a business rate appeals consultation from an organization like CNG business services.

How to demand a fair price?

The owners of these businesses can ask for a fair rate of property in three simple steps on their own or they can reach companies like CNG business services for Business Rates Appeals Consultations who are always ready to help in such instances.

The Three-Step Procedure for this

There is a three-step procedure called “check, challenge, and appeal” that has to be followed.

1. Under the first step of “check”, the value officer will check the kind of business that you do. He would also want to know the trades and types of goods being sold or whatever. As we all know there are different types of taxes on different kinds of goods, for example, liquor taxes will be different compared to beverages. Under this stage, only this much is enquired about. The Value officer takes at least 3 months to respond to the request and after the response, you will have only 4 months to go for the challenging part. 

2. The next step is called “challenge” under which you can challenge as to why the rates are too high by providing the righteous justification to your opinion along with evidence. The pieces of evidence may include your receipts, your current rent, the location you have your business in (value of a location outside the city will be lesser), etc. The value officer will make a decision about what to do with your property. If that decision is agreeable to you then fine, otherwise, you can appeal for amendments, changes, etc. The VO has then 18 months to response, long run, right?

3. The final step is called “appeal” that requires a fee about 100-300 Ponds which is refundable if what you claim is proved true and accepted by the Value Officer. In a case where it is found that the request/ query was not right then a fine of 500 ponds can also be charged. But one should not worry more if the claim is true and hence a piece of advice to those who think they can get lesser values by playing a little dishonest, please don’t.

This whole process may seem quite hectic and complicated, so, what if someone else does that for you? Well, here in CNG business services we can do a business rate appeal for you. You can contact us or come to us directly anytime to get a business rate appeal consultation and we will be happy to do that for you.