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Business Rates

Business rates

We reduce bottom line costs and maximise savings for occupiers and investors through a comprehensive, tailored and proactive rating service across all sectors and commercial property classes.

For clients, we ensure their rates liability is as low as possible by:

  • Lodging appeals and liaising with rating authorities
  • Applying for reliefs
  • Handling rates portfolio management
  • Completing rating forms
  • Checking bills
  • Leveraging changing circumstances
  • Conducting rates audits

Our proactive management will give you peace of mind and the ability to budget. If you want to know what your likely bill might be, use one of the Ryden rates liability calculators.

Rating Revaluation

A Rating Revaluation is carried out to ensure that Rateable Values keep pace with the changes in the property market.  A right of appeal against the Rateable Value is permitted in accordance with statutory terms and timescales. 

The 2017 Revaluation appeal deadline in Scotland was 30th September 2017. 

Appeals can still be made in England via the Check, Challenge, Appeal (CCA) process. Contact us at revaluation2017@ryden.co.uk for advice on making an appeal.

The next Revaluation of all non-domestic property will take effect from 1 April 2022. 

Barclay Review

The Barclay review group was set up to make recommendations to enhance and reform the business rates system in Scotland.  In September 2017, Finance Secretary Derek Mackay confirmed he would implement the vast majority of proposals. A detailed overview of the reforms is available here.  The key reforms include:

  • Reducing the revaluation period to every three years from 2022
  • No rates payable for new build commercial properties until occupied for the first time
  • Expansion of the fresh start relief scheme
  • Change to the large business supplement
  • Extension of rates bills caps

Rates Mitigation

Rates mitigation schemes are a potential option for those commercial property owners affected by the abolition of or reduction in rates relief from 1 April 2016.  Many, especially those with properties in the industrial sector, have seen their rates bill rocket and some have no option but to consider demolition.

Ongoing careful management of rates is essential to ensure bills are carefully calculated and that all refunds, relevant reliefs and exemptions are secured. At Ryden, our payment system ensures that demands are assessed and only correctly calculated bills are paid. We are advising clients facing huge hikes in rates that a short-term rates mitigation strategy might be an option.

The relevant strategy depends on the type of property and location but could reduce bottom line property costs and maximise the savings on rates bills.

Our UK Head of Rating Moira Walker can arrange a free consultation for your property/portfolio to investigate if you can substantially reduce the amount you pay in rates.

 

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Business Rates: Key Terms and Reliefs Read more
CASESTUDIES

Scotmid

  • One of our most diverse portfolios is Scotmid, Scotland’s largest independent co-operative.
  • We have undertaken appeals for 329 of their 348 properties which include office headquarters, a main warehouse, convenience stores, funeral directors and health & beauty shops.
  • Our total rate saving for the most recent revaluation is c. £360,000, a figure we achieved by spending time with our client to get to know their business.

Angus Council

  • The Council has a portfolio of 374 properties ranging from offices and industrial units to libraries, schools and sports centres.
  • During the last Revaluation they saw the rateable value of their portfolio go from c. £8.7 million to c. £11.7 million, an increase of over a third.
  • We negotiated appeals against the Council’s operational property portfolio and achieved a considerable saving for them.