Nick Wright MRICS, Director of ratesrecovery.com said;
“The results are very interesting and show that businesses in the South East have fared much better when it comes to persuading the Valuation Office to reduce their rates assessments and ultimately their rates bills. 80% of the top 20 regions for securing a reduction are located in the South East which will have resulted in substantial savings to many companies. The picture has been less rosy for companies in the North and more rural areas.”
Featuring strongly at the top of the league table for reductions in business rates are a number of London authorities such as Enfield, Hammersmith and Fulham as well as Thames Valley areas Reading and Slough.
The bottom 20 areas feature many northern towns as well as areas of Wales and rural locations such as Barnsley, Pembrokeshire, Powys and South Norfolk.
All businesses had their rates re-valued from April of this year and are able to submit new appeals seeking a reduction in their rates bills.
“This research shows how difficult the rates appeal process can be for some companies but also the potential for substantial savings. All businesses should ensure that they check whether they need to appeal their new rates assessments as a matter of urgency”.
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