Understanding Business Rates
In the UK, business rates are a tax applied to non-domestic properties, including shops, warehouses, factories, and offices. These rates are based on the rateable value of the property, which is set by a government agency (e.g., the Valuation Office Agency in the UK).
The amount you pay depends on the property’s rateable value, which reflects its open market rental value. Higher-value properties incur higher taxes. You might be eligible for discounts (e.g., small business rate relief).
The amount you pay depends on the property’s rateable value, which reflects its open market rental value. Higher-value properties incur higher taxes. You might be eligible for discounts (e.g., small business rate relief).
Drawing on Newmark LLC’s award-winning research and insight into economic, political, and legal challenges, we stay informed to deliver guidance and advice that’s practical and up-to-date. Our mission is to empower small and medium businesses with the knowledge and support they need to make smart, strategic property decisions.
The Support We Offer
Registration
We’ll guide you through the business rate registration process, helping you avoid costly penalties and delays.
Challenging
Rate Bills
Suspect your rate bill is incorrect? Our experts will help you challenge inaccuracies and potentially reduce your costs.
Managing
Rates for Multiple Sites
Managing rates for multiple premises can be complex. Let us help you streamline the process and avoid overpayments.
Business Rates Relief Schemes
Business rates relief schemes offer businesses a valuable opportunity to reduce their tax burden and manage property-related costs more effectively. These schemes are designed to support businesses of all sizes, from small enterprises to larger organisations, by offering reductions on their business rates bill. Across the UK, various relief schemes are available nationally, while individual councils may offer additional, but discretionary location-specific options tailored to local businesses.
Navigating the criteria and application processes for these schemes can be complex, but the potential savings make it well worth the effort. That’s where we come in—helping you identify, apply for, and maximise the reliefs your business qualifies for.
Eligibility for Relief
Eligibility for Relief
Determining eligibility for business rates relief can be tricky, as criteria vary depending on the scheme and location. Our experts will evaluate your business’s circumstances to identify which relief schemes apply to you. From small business rate relief to retail hospitality and leisure relief and rural rate relief, we’ll ensure you don’t miss out on valuable opportunities.
Applying for Relief
Applying for Relief
Filing for a business rates relief scheme requires accurate and thorough documentation. We’ll guide you through the entire application process, helping you avoid delays and errors while putting your business in the best possible position to receive the support it needs.
Business Rate Assessment
Business Rate Assessment
Ensuring your business rates are accurate is essential before applying for relief schemes. We’ll conduct a detailed review of your current business rates, cross-checking them against your property’s rateable value and usage. If discrepancies are found, we’ll help you challenge and correct them, ensuring you’re set up to maximise the reliefs available.
Ensure Your Business Rate Requirements are Met
Don’t leave money on the table—let us help you identify and apply for the relief schemes your business qualifies for. With expert guidance and a thorough assessment of your current business rates, we’ll ensure you maximise your savings and reduce your property costs. Start making informed decisions with confidence today.