Welcome
to Adrian Smith Rating.
Adrian
Smith Rating provides specialist and cost effective business
rating solutions to a range of clients in the industrial,
manufacturing, transport, storage, retail, commercial business
and public service sectors across the United Kingdom.
Business
Rates are a significant overhead for businesses. Typically,
business rates are equivalent to 45% of the annual rent of
premises, an expense that, in the current economic climate,
may affect not only the profitability of many businesses,
but may also influence the viability of commercial propositions.
The
calculation of business rates is complex and currently, the
Valuation Office Agency calculates the rateable value of the
premises, which is based on the hypothetical rental value
of the premises that may reasonably have been achieved on
1st April 2003, or from 1st April 2010, the rental value of
the premises on 31st March 2008.
Experience
demonstrates the Valuation Office Agency and the billing authorities
frequently calculate assessments using limited and on occasions,
inaccurate information that may compromise the reliability
of the rating liability assessment. On occasions, the Valuation
Office Agency and the billing authorities may also fail to
comply with the regulatory requirements for the administration
of business rating assessments and the issue of invoices.
Business rating assessments are frequently challenged and
these aspects typically form the bases of successful appeals.
In
order to deliver bespoke solutions to manage business rating
liabilities, Adrian Smith Rating is able to provide a range
of services, in order to evaluate the potential for cost savings,
and thereafter, to optimise the position of the client in
order to achieve the maximum savings. Further details of the
services Adrian Smith Rating provides can be found here.
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