In preparation for the Business Rates Revaluation 2017, the British Beer & Pub Association (BBPA) has published a guide to help licensees check their valuations.
The new provisional rateable values for pubs will be published on 30th September 2016, with the next business rates revaluation to come into effect on 1st April 2017.
This is the first time the valuations have been amended since 1st April 2010.
The BBPA is urging pubs to make sure they check their valuations and make the necessary financial preparations for next April.
Brigid Simmonds, BBPA Chief Executive, comments:
“It is crucial that licensees stay well informed and keeps track of these changes, and raise concerns if they arise.
“Businesses that have thrived since 2008 should be aware that they could see an increase in business rates, and will need to be prepared. However, overall the revaluations should help the industry.”
Licensees can raise any obvious errors in their valuations with the Valuation Office Agency (VOA). If there are any serious mistakes, you can officially appeal to VOA under the Government’s Check, Challenge and Appeal process.
You can download BBPA’s guide here.
Need advice on new business rate changes?
Please call Steve Pattison on 01482 324252.
Or email Steve here.
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