As you are aware, in the
coming weeks all businesses in England will start receiving rates bills based
on a new valuation of their premises. This revaluation, which happens every few
years and is carried out by the Valuation Office, an independent agency who are
required to keep accurate and up to date valuations for businesses.
On average, business rates
will fall in Cornwall by 4.9% and overall the retail industry will see a 6%
reduction in rates, saving £400 million in total. In addition many rural
businesses will benefit from a rate relief too. Where there is only one pub,
post office or general store in a village, from April 2017 they will generally
receive 100% rate relief. This was double from 50% at the last Autumn
Statement.
There are also wider reforms
to business rates. As I am sure you are aware, over the next few years Cornwall
Council will be devolved all the revenue of business rates, allowing local
people and businesses to benefit from local economic growth.
If you have received a
valuation which you think is unfair, I will be willing to support you in the
appeal process. If you would like my office to help appealing, please contact
me on 01726 829379 or email office@stevedouble.org.uk
