As you may have heard, the Valuation Office released the revised 2010 rateable values on 1st October 2009.
These draft assessments will come into effect from 1st April 2010, but will be based upon rental values back in April 2008.
There is little doubt that the valuation date of April 2008 is an unfortunate one as at this time rents where at an all time high.
As a result many companies are likely to experience some dramatic increases in rateable value and business rate liability, particularly on Central London offices.
These increases in liability will be phased in by Transition, which limits changes in the first year to no more than 12.5%.
Rate payers in London with rateable values in excess of £50,000 will also be exposed to a 2 pence supplement relating to Crossrail.
No appeals can be lodged against the accuracy of the new rateable values until 1st April 2010 and your rates will not be affected until that time, so now is the time to start considering your options.
You can only appeal your rates once (unless there have been changes made to your property).
Devono can support you with all ratings advice, including the effects of these changes and the merits of appeals.
For further information simply fill in this form and a member of the team will contact you or call Adam Landau on
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