Scottish hoteliers are being warned not to miss the boat to secure fair business rates valuations with the appeal deadline looming at the end of September.
Rating experts at Colliers International say that following a revaluation that saw double-digit rate hikes for many businesses in these areas, it has never been more important for landlords and tenants in Scotland to ensure that the rateable value placed on their property is accurate from the outset.
Louise Daly, associate director of rating at Colliers International in Scotland, said: “Given the extremely restrictive nature of mid-valuation roll appeals in Scotland, ratepayers have a relatively short opportunity to submit a revaluation appeal and dispute any or all aspects of the valuation that were set from 1st April 2017. They now have less than a month remaining to do so.
“Ratepayers can of course submit their own revaluation appeals within the deadline of 30th September 2017, or they can seek representation to ensure that they are not put at any disadvantage given the complexities of complying with the current appeal system.”
John Webber, head of rating at Colliers, added: “Reform of some aspects of the business rates system in Scotland is expected to be soon, including a separate move from Valuation Appeal Committees to a Tribunal system. Ratepayers in these industries therefore, need to stay alert to changes as they happen and ensure that their interests are protected. Lodging appeals now will ensure that any potential validity issues can be resolved- but only just in time. Businesses really cannot afford to delay further.”