Business Rates

The new 2017 Rating List is now live and as you have no doubt seen, and perhaps experienced first-hand, significant increases have occurred in many locations. The 2010 Revaluation List is now closed leaving some 300,000 plus appeals still to be settled.

The 2017 List seeks to rebase Rateable Values which were set at pre-recession levels in April 2008.

The new List assesses rental value at 1st April 2015 and therefore shows higher rental levels reflecting the rental growth in that period.

Consequently, many occupiers have seen significant increases in their Rateable Value and subsequently their rate liability.

The new UBR (rate poundage) has been set at £0.479p for large businesses and £0.466p for Small businesses, with the City of London being set at £0.471p and £0.484p. Crossrail supplement is also applied in Greater London at a rate of £0.02p for businesses with a Rateable Value over RV £70,000 for the duration of the intended five year term of the revaluation.

Transitional provisions have now been confirmed and the table below shows the percentage caps for those with increasing bills. These will apply until March 2022, where appropriate.

There are similar limits on downward bills but sadly those are remote as a result of the revaluation.

Maximum increases:

Rateable Value 2017–2018 2018–2019 2019–2020 2020–2021 2021–2022

Up to £20,000

(£28,000 in London)

5% 7.5% 10% 15% 15%

Up to £20,001

(£28,001 in London)

to £99,999

12.5% 17.5% 20% 25% 25%

Over £100,000

42% 32% 49% 16% 6%

The Valuation Office Agency has also introduced a new appeal system called Check, Challenge and Appeal. The system is intended on agreeing the factual errors through the ‘Check’ stage which can take up to 12 months to complete and, if accepted, ‘Challenge’ can then be made at a cost to the appellant. The Check stage is mandatory and a Challenge cannot be made until this stage is completed. This has been implemented to prohibit the blanket appeals of the last Revaluation and make sure true cases are heard.

In addition, all applications are now required through the Government Gateway so data verification is now mandatory.

Kinney Green would be happy to carry out a rating “health check” to assess whether an appeal is appropriate and assist in navigating the new system.

  • Appeals relating to temporary reductions to reflect eg adjacent building works known as Material change in circumstances
  • Completion of rating returns
  • Rate payment services
  • Empty rate advice and Void liabilities
  • Mandatory or discretionary relief eg Charities

We have worked with Neil and his team for over 10 years and have always appreciated their advice and expertise. They know the local market inside and out and have always provided grounded and hands-on support.

Mark Billige Simon-Kucher & Partners

We have used Kinney Green, and in particular Kim White, for over 20 years. From finding suitable premises; to negotiating lease renewals; to advising and guiding in protracted negotiations with difficult landlords, Kim never fails to secure the best deal. Reassuringly helpful, always professional, clearly respected in the market, deeply knowledgeable, and infectiously enthusiastic from beginning to end.

David Heard C. Steinweg (London Limited)

Kim White of Kinney Green did a first class job of finding exactly the right offices for us. He fully understood and exceeded our brief but most importantly was a pleasure to work with.

John Bradley Reynolds Colman Bradley LLP

Kinney Green’s detailed knowledge of the market and ability to show us only those properties that met our fairly restricted brief was impressive. Kim’s flexibility following a long hiatus between the start and recommencement of our search was also much appreciated and I would heartily recommend them.

Mark Winton Plus500UK Ltd

I can confidently recommend Kinney Green as a solid and very professional, reliable establishment, and experts in their field. I would be happy to recommend this company to any new customers.

Sukh Saroya JTB Europe Ltd

Having taken a detailed property brief from us, Kinney Green have found us the ideal office located at the heart of our preferred location. Their knowledge of the market has enabled them to expertly negotiate a fantastic rent deal with which our management team are extremely happy.

Paul Cooper Vistra (UK) Limited

We were delighted with the service and advice that Kinney Green provided Icelandair. They were very professional and we valued their advice, I have no hesitation in recommending Kinney Green to any company seeking new premises or lease renewal.

Maria Hudson Icelandair

I’m glad we chose Kinney Green to help us find a new office. It was quite a restricted brief but they still managed to show us a good selection and they were flexible when our requirement changed during the search.

Tim Freeborn Silence Therapeutics

As a growing business wanting to stay in the heart of Soho it's a real challenge to find good space, Kevin's quick research enabled us to grow within our existing space. He continued to support and guide us through the very frustrating negotiations that are inevitable in acquiring a lease. We were super grateful we had him on our team!

Gemma Stone Ignition Creative

We were extremely pleased with the service that we received from Kinney Green in sourcing suitable premises to a very specific brief and then negotiating terms for our new London office.

John Evans Glass’s Information Services Ltd

Kinney Green are an outstanding London Agent. They were highly recommended when I was looking for a commercially focused City leasing team and I have since worked with them for many years. They deliver excellent results for clients.

Oliver Sylge The Milton Group Limited

The team at Kinney Green have handled our City lettings for the last nine years, irrespective of the size of the deal they have accompanied every viewing and pushed hard to achieve the best possible deal.

Gareth Hunt Maybrook Properties Limited

Over many years of working together in a variety of areas, Kinney Green has proven itself to be a highly professional, client focused and commercial organisation

Alan Pepper Avanta

Detailed, helpful and studied in your approach, as always. I have huge confidence in both your ability, efficiency and integrity.

Rachel Moorhead Wincome Group

I and all at Chameleon PR highly recommend Neil Warwick and Kinney Green. We have used their services on three separate occasions and they have never disappointed or failed to deliver.

Semone Kerr Chameleon PR

Once again thanks for the efficient process and excellent service you’ve provided from start to finish

Gary Lumsdon Davies Group Ltd

for further information please contact:

  • Emma Burgess BSc (Hons) MRICS

    Partner, Agency
    DDI : 020 7643 1533
    Mobile: 07845 053 457
  • Simon Isaacs BA (Hons) PgDip MRICS

    Partner, Head of Professional Services
    DDI : 020 7643 1516
    Mobile: 07702 951 577