Last Updated on: 22nd November 2023, 01:24 am
Latest Revaluation means businesses only have 6 months to prepare for new property assessments
Founded in 1999, CVS business rates specialists has become the UK’s leading business rent and rates specialists. Operating nationally from its three offices in Manchester, London and Bristol, CVS has to date, saved over £700Million in business rates and rent reductions for its clients throughout the UK.
Business rates, or non-domestic rates, are a tax on business or other organisations occupying commercial property. Business rates is an annual charge made payable for the services provided by the local authority and emergency services. How much a business pays annually depends entirely on the Rateable Value of the property, periodically assessed by the Valuation Office Agency (VOA).
Business rates are calculated against the Rateable Value, which represents the rental value of a property, at around 43 – 45% of the Rateable Value. Business rates are therefore one of the largest overheads any organisation will have to pay.
CVS surveyors are based across the whole of the UK, with an unrivalled knowledge of both the rates and rent commercial marketplace.
CVS surveyors have, in the past 16 years, acted on behalf of business such as Ascot, GoApe, Argos, Holiday Inn Express, Sony and the NHS, to name a few.
For all the latest business rates news, follow CVS on Twitter and LinkedIn, or check out their Google Plus and YouTube sites.
