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2010 Rating List Goes Live

11 August 2010

The 2010 Rating Revaluation is now complete, and the revised 2010 List Rateable Values have been used by Local Authorities to calculate 2010/11 rates liabilities for business premises nationwide.

While the VOA have widely publicised the successful completion of this massive undertaking, the process has been far from plain sailing. The economic downturn meant that many businesses which were struggling before the 2010 Revaluation have been hard hit by large increases in sales demands.

Nick Sercombe, Director of Surveying Services is keen to point out that rating valuation always needs to be looked at carefully. "Generally speaking, public authorities are playing down the ecomonic impact of the new Rating List because they say the Rateable Value changes are low."

"Whilst this may be the case in some instances, it will most certainly not be the case for all businesses, especially as there have been such changes in the business landscape over the last 18 months.

The new Rating List provides opportunities to challenge Rateable Values, and to check survey details to ensure that any site changes are looked at in detail. Appeals have to be made to the Valuation Office, and if they are successful, companies could be eligible for rate rebates of thousands of pounds."

Contact our Client Care team on 0800 883 0353 or email client.care@ruddlemerz.co.uk to find out how we could help cut your rates liability.

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