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  • FIRST POST
    • Lurr
    • By Lurr 7th Mar 17, 1:23 PM
    • 1Posts
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    Lurr
    Business Rates - can I claim?
    • #1
    • 7th Mar 17, 1:23 PM
    Business Rates - can I claim? 7th Mar 17 at 1:23 PM
    Hello, newbie here hoping someone can advise me please?
    Until recently the property we let for our business had a rateable value of £12K, so we were above banding for the small business rates relief and had to pay the full whack. Now that the nationwide revaluations have been done, our new rateable value is £8K - a massive difference. Great news that we now qualify for full small business rates relief, but is there any way I can claim back for the extra money we have been paying for the last 3 years?
    Thank you in advance!
Page 1
    • lincroft1710
    • By lincroft1710 7th Mar 17, 4:18 PM
    • 9,932 Posts
    • 7,999 Thanks
    lincroft1710
    • #2
    • 7th Mar 17, 4:18 PM
    • #2
    • 7th Mar 17, 4:18 PM
    I don't think so. Your new RV has no connection with the old RV on which your rates were based up to 31 March 2017.
    • hunnie
    • By hunnie 12th Mar 17, 12:26 PM
    • 171 Posts
    • 138 Thanks
    hunnie
    • #3
    • 12th Mar 17, 12:26 PM
    • #3
    • 12th Mar 17, 12:26 PM
    Hi, was the RV incorrect before?
    Ours has gone from c£7000 when we paid a small amount each month, up to £8000+ where we will now pay nothing.
    I would have thought it was quite unusual for the RV to go down.
    Last edited by hunnie; 12-03-2017 at 12:29 PM. Reason: correction
    • lincroft1710
    • By lincroft1710 12th Mar 17, 3:57 PM
    • 9,932 Posts
    • 7,999 Thanks
    lincroft1710
    • #4
    • 12th Mar 17, 3:57 PM
    • #4
    • 12th Mar 17, 3:57 PM
    Some areas have seen commercial property rentals fall. If the 2010 RV is wrong the OP only has until 31 March 2017 to query it.

    Another theory comes to mind in that there is a mistake with the 2017 RV and it is too low!
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