Business rates (or non-domestic rates) are charged on all business properties to help pay for local council services. The occupier typically pays this rate, and only a few organisations, such as places of religious worship, are excluded. Many businesses are eligible for discounts, and you could be saving a lot of money by applying for them.
First: find out your rateable value (RV).
Business rates are based on the property’s rateable value. If you don’t know this, it is easy to look up. Simply type in your address on SAA’s website and the site will tell you. You can also phone the Glasgow City Assessors on 0141 287 1111.
If your rateable value is less than £35,000, apply for a discount.
More than half of the business in the BID may be eligible for the Small Business Bonus Scheme (SBBS). To qualify, the combined value of all your business properties in Scotland must amount to £35,000 or less. The following discounts apply:
• RV up to £10,000 – 100% relief (no rates payable)
• RV £10,001 to £12,000 – 50% relief
• RV £12,001 to £18,000 – 25% relief
• RV £18,001 to £35,000: 25% on each individual property with an RV of £18,000 or less.
It is free to apply for the Small Business Bonus Scheme and you can do so by filling out the below form.
Does the rateable value seem high?
You can appeal your rateable value within 6 months of becoming the tenant, occupier or proprietor. If your property has been affected by a “material change of circumstances”, such as a major alteration, you can appeal at any time.
You can appeal directly on SAA’s website by clicking the “Make an appeal” button underneath your property address. You can also do it in writing: The Glasgow City Assessor, PO Box 27111, Glasgow, G4 7PD.
If you need advice, a 30 minute consultation is offered free of charge through the Royal Institution of Chartered Surveyors Enquiry Line on 0870 333 1600.
The rateable values are set by Glasgow City Accessor and are due for a review in 2017. The BID is looking at a collective effort to tackle the rates to bring down the costs for all of our businesses.
The BID has launched an appeal against the existing rates, dating back to 1st April 2015. You can read more here.