7th October 2016
You can register to receive notification of the new assessments (see leaflet attached).
The new assessments are based on values that were taken at 1 April 2015.
In most cases there will be changes and early indications are that some rateable values on the Business Park will be reduced.
A reduction in value may not be the only saving as if the new rateable value has fallen below the Small Business rate relief threshold of £12,000 you could qualify for 100% relief in April 2017. The relief tapers to zero between £12k and £15k. Remember you have to apply for it and there are rules relating to the number of premises you occupy.
Tenants receiving notification of revised assessments should tell the Estate office – john@turkeymill.co.uk as a co-ordinated response to these where there are inaccuracies is important.