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Business Rates

Business rates

Draft rateable values (RVs) for all commercial property in Scotland have been published by the Scottish Assessors Association (SAA).

To find out what your property’s new RV is visit the SAA's website.

It is vital to check that your RV is 100% accurate as it affects your business rates bill from 1 April 2017 until the next revaluation (likely to be in five years’ time).  It is also the only part of your rates bill that you can challenge.

Want to lodge a Rating appeal?

Contact us at revaluation2017@ryden.co.uk for a FREE consultation on the options available to you to make an appeal.

Our rating specialists are experts at advising whether a property's RV is accurate and, if not, taking the necessary action to appeal and lower it.  At the last Revaluation, we saved our clients an average of 15% on their rates bill.

There is only a limited timescale of appeal. If the new value is not challenged it could remain in place until the next Revaluation.

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.

To understand more about Business Rates, how they are calculated and how to approcah making an appeal download our Ultimate Guide to Business Rates and the 2017 Revaluation or for a summary of the key Scottish and English Business Rates deadlines download our Timetable.

For our help in minimising your rates liability, or for help completing your Return of Information form, contact our team.

Rates Mitigation

Rates mitigation schemes are a potential option for those commercial property owners affected by the abolition of 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.