If you are contacted by someone claiming to be able to save money from your bill please note that there is no need for ratepayers to pay a fee or enter into a contract with a rating agent to obtain any type of Business Rates relief or discount.
Rogue business rates agents – reminder
The Valuation Office Agency (VOA) & Rochford District Council urges businesses to protect themselves from rogue business rates agents.
New rateable values for business properties came into effect in April 2023. Councils used these new values to calculate business rates bills.
Businesses can challenge their valuation if they think it’s incorrect and can use a rating agent do this. The vast majority of agents are reputable and provide a good service. But some rogue agents submit inaccurate information. This could result in penalties or increased rates bills for businesses.
Businesses can manage their own business rates by creating a Business Rates Valuation Account on GOV.UK. The VOA has produced a checklist to help business if they want to use a business rates agent:
- Anyone can call themselves an agent, but this does not mean they are a member of a professional body. Check an agent’s background before signing a contract.
- If an agent is a member of the Rating Surveyor’s Association (RSA), Royal Institute of Chartered Surveyors (RICS), or Institute of Revenues, Rating, Valuation (IRRV), they must follow rating agent standards. This provides business owners with extra reassurance.
- Check the length of a contract before signing. Rogue agents have been known to tie business owners into costly, long-term agreements.
- Make sure you read the small print and fully understand the services you are paying for. Legitimate agents should not pressure you into signing a contract, or demand large sums of money up front.
- Familiarise yourself with our Check service and create a Business Rates Valuation Account so you can manage your property and view correspondence between the VOA and your agent.
- It is your responsibility to ensure the information your agent provides to the VOA is correct.
Gary L Watson, IRRV Chief Executive, said: “Ratepayers should take extreme care when employing agents. It is easy for rogue agents to create the impression that they are a reputable organisation.
“Business owners should make sure that any agent belongs to a professional body, like IRRV, RICS or RSA. The agent will then be subject to that body’s rigorous disciplinary procedure.
“Furthermore, you can obtain advice on many issues from the VOA or your local council. Applications for relief should be made direct to your local council without having to engage with a rating agent.”
A spokesperson from RICS said: “There are only three recognised bodies that hold their membership to account regarding the quality of their business rates advice and related ethics – RICS, IRRV and RSA and we urge ratepayers to only take business rates advice from a member of at least one of these bodies.
“When issuing terms of engagement, members of these bodies are required to refer to the joint Rating Consultancy Code of Practice. If in any doubt, prior to signing a contract we recommend checking membership with the appropriate body. More information can be found on the RICS website.”
For more advice on how to choose a reputable agent, visit GOV.UK.