750 UK firms sued daily for failing to pay rocketing business rates
Posted on in Business News , Cycles News
All councils within England were requested to provide details of how many businesses had been taken to court for non-payment of their business rates during the 2018/19 financial year. Figures show that a total of 171,018 businesses were summoned, which totals 9.83% of the 1,740,073 non-domestic properties liable for business rates.
According to real estate firm, Altus Group, the overall number works out at around 750 businesses being summoned across England every single day. The tax that medium and large businesses in England are required to pay rose by 2.4% on 1st April for 2019/20, making it the first time that the tax rates for businesses in England has gone above 50%.
The top five councils with the most summons, by volume, were Westminster (6,882); Birmingham (6,166); Manchester (5,228); Liverpool (4,254) and Leeds (3,497).
How to reduce your business rates
While business rates often account for a large portion of expenditure, it is generally unknown that many businesses could actually be paying less. ActSmart are partnered with RatesRecovery, a leading business rates appeal company whose specialist Chartered Surveyors have over 40 years of experience in saving businesses money.
RatesRecovery with ActSmart can offer you a free consultation, 20% off the standard fee and a no win no fee guarantee. RatesRecovery count Mothercare, Specsavers, English Rural and 4com among the many thousands of businesses they have represented but regardless of the size of your business RatesRecovery will take all the hassle out of appealing.
RatesRecovery guarantee their clients:
- An honest and transparent service with help and advice available whenever it is required
- High levels of savings with no upfront charges and a no win, no fee service
- Support from highly experienced Chartered Surveyors
- Only a Chartered Surveyor will visit you; never a sales person
Visit the ActSmart wesbite to find out more information on how you can reduce your business rates.