Historic Audit

Incorrect Valuation

Many properties are overvalued. With our software and expertise we can identify where properties are over assessed. By subscribing to a number of data sources and through technology, we are able to map out pricing for comparable properties to highlight where overcharging is occurring.

Incorrect Liability Dates

This tends to be more of a problem for larger portfolios, and happens when separate groups are involved in administering the portfolio. All are experts in their own field but not necessarily in rating and so may not understand the importance of recording and applying the correct dates. As these groups tend to be quite separate from one another, it can lead to communication issues and incorrect information. This often results in our clients paying rates on disposed property which they are not liable for.

We collate all the dates in physical formats and from all various databases and identify where these incorrect dates have been used. This leads to potential savings.

Exemptions / Reliefs

Business Rate charges have always been complex and are notoriously difficult to calculate. This has recently been further complicated by the large number of reliefs, exemptions and surcharges which have been given increasingly complex criteria to adhere to. For example, in January 2015 the government announced an Extension of Transitional Relief for small and medium properties, but it only applies in specific circumstances. However, what the government did not consider is the under-resourced Councils who then have to implement these changes. Some are able to invest in technology to do this, others may just rely on their staff manually identifying all the businesses that qualify for the reliefs. With the number of changes that are being announced, there are, unfortunately, companies not given the reliefs they are due.

Correction of Transitional Path

Using our bespoke software, and our knowledge of the Non-Domestic Chargeable Amounts (England) regulations 2004 & 2009, we are able to identify opportunities to correct a rate payer's historical charges via a ‘Transitional Certificate’.