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Only the Local Authority can calculate your rates liability. Your bill will be available to you some time between February and April 2005.
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Hadley Kyte & Co are often able to negotiate a lower rateable value for business premises. Special circumstances may apply for the following: small businesses; charities; rural properties; empty or unoccupied properties and a business in hardship. To see how Hadley Kyte & Co can help in respect of these additional special cases please use the tool below. 
Rateable Values can decrease or increase fairly significantly between Revaluations. This does not necessarily mean that there will be a significant change in the Rates bill as the multiplier or Uniform Business Rate (UBR) is adjusted downwards following a Revaluation to offset the overall rise in values. Some Rate payers, however, could see some dramatic changes in their Rates bill - if this happens to your Rates bill, you will probably be affected by Transitional Arrangements. Transitional Arrangements soften the impact of Revaluation by phasing in the changes to the Rates bill over a period of time. The new phasing regulations are now available. (further information upon request). Different Transitional Arrangements will apply depending on whether your bill has increased or decreased and whether your business is classified as small or large. A small business is defined as a property with a Rateable Value of under £15,000 outside London and under £21,500 within London. Transitional Arrangements are based on the change in your Rates bill from the 2004-2005 bill to your new Rates bill in 2005-2006. They are not dependent on the change in the Rateable Value itself. The Transitional Scheme, which was confirmed in December 2004, operates over a four year period. Every Rate payer will pay their true Rates liability in the fifth year, ie, as from 2009 onwards, and many will pay it well before this.
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What is the 2005 Rates Revaluation?
All non-domestic properties, mostly businesses, have a rateable value. Every five years the rateable values of all 1.75 million business properties in England and Wales are re-assessed. The next revaluation will come into effect on 1st April 2005, many rate payers received details of their proposed new rateable value in the form of a Summary Valuation in October 2004. 
The rateable figure is based on a professional assessment of the annual rent of the property if it was available to let on the open market at a fixed valuation date. Your bill will be calculated by multiplying your rateable value by a factor set by central government each year. Any rate relief or other adjustment to which you are entitled will then be applied by your local authority. Rateable values can decrease or increase significantly between revaluations.