Business rates represent a major cost of running a business. At Johal Regan we provide you with high-quality advice so that you can minimize your rate liability and save money. We have comprehensive knowledge of rating law and regulations and work hard to ensure that our clients are not losing money by paying incorrectly valued rates.





What are business rates?

Each commercial property is set a rateable value by the Valuation Office Agency, and rates are set by making a calculation based on this value. The rateable value represents the yearly rent the property could have been let for on the open market. Rates demands are issued to the owner or leaseholder on 1 April, and can be paid as a single annual payment, or in monthly instalments. If a commercial property is unoccupied for up to three months, it receives exemption from business rates. For periods over three months, empty rates apply which represent 50% of the total charge.


Why should I seek advice?

As a ratepayer you have the right to lodge an appeal if you believe the rating assessment is incorrect. As well as periods where a property is unoccupied, there are other circumstances where an appeal can be lodged. If successful, you can achieve significant savings. Before you enter into a lease or purchase a property, we will be able to evaluate whether an appeal can be lodged and the rating list assessment changed. This could have a major impact on your business rate liability. At Johal Regan, we provide up-to-date and accurate advice so that you do not miss an opportunity to appeal.


Want to know more about your Borough?

Take a look at our London Borough Rates section within the Links and Tips tab for the relevant contact details and information for each Borough.