Flint Bishop

Cowboys warning as rating revaluation looms

The West Midlands should escape the worst of the rating revaluation, an expert has predicted. Nevertheless Redditch-based property consultancy John Truslove is warning that rating cowboys will again be doing the rounds making promises they will never keep.

Businesses across England and Wales will this month be receiving Valuation Office Agency letters which will form the basis of the next business rates bill.

These will advise on new rateable values for property which will come into force next April.

The VOA is currently placing adverts announcing the move and advising people against thinking it is just another piece of chunk mail through the door.

It is asking them to check that all details are correct and let the agency know if there are any factual errors.

Mr Truslove is stressing that the information is only half the equation.

Commercial property owners will only find out their new bills when the rate in the pound is fixed.

"It is then you will know how much you have to pay," he noted. "That is the hot potato."

Mr Truslove predicts the South-east will be hit hard, but not the West Midlands.

"The West Midlands economy is not strong. There are a lot of people struggling and they will continue to struggle for some time to come.

"I don't think we are going to see much of a change in terms of payments."

However, he does expect the cowboys to come knocking - claiming to be extremely successful in terms of obtaining large percentage reductions in rateable values and refunds from local authorities on the amount of rates paid.

Typically they try to persuade the gullible individual to put money up front.

"They come up with new scams every time," said Mr Truslove. "My advice to people is not to sign anything and don't give them money under any circumstances."

He stressed that reputable valuers would never take cash up front - their remuneration would be a percentage of any saving, typically about a quarter.

 

 

Bookmark and Share

Article published by Midlands Business News on 23 October, 2009

Submit your company news and photographs to Midlands Business News via email news@midlandsbusinessnews.co.uk or submit news and events online here.

midlandsbusinessnews.co.uk is an online Midlands business news network and we welcome submissions of your company or business related news articles and event notifications.

 

 

Articles submitted by John Truslove:



  • Ben Truslove joins the family practice - click to read
  • Truslove targets Grand Prix Historique de Pau - click to read
  • Succession is plane sailing for family joinery firm - click to read
  • Mobile Money on the move - click to read
  • Truslove helps foster FCA’s expansion plans - click to read
  • Truslove attacks business rates hike as ‘utterly outrageous’ - click to read
  • Real Nosh set to win the taste test - click to read
  • Bargain rents are good news for growing companies – Truslove - click to read
  • Gillian’s new business idea is an absolute purler - click to read
  • Bargain rents are good news for growing companies - Truslove - click to read
  • Tanks for the memory as famous army surplus store moves online - click to read
  • Property development levy is simply ‘another stealth tax’ - Truslove - click to read
  • Truslove helps business on to one site after 25 years - click to read
  • Tyre firm treads the expansion path - click to read
  • Socket to me! - click to read
  • John Truslove answers AA call out - click to read
  • Truslove gears up for Silverstone Classic - click to read
  • Truslove targets Monza - click to read
  • Expansion gives hydraulics firm a major lift - click to read
  • On track for expansion - click to read
  • Truslove finds a hot deal for Aggora Group - click to read
  • Make manufacturing rates-exempt - Truslove - click to read
  • UK faces empty business property price plunge - Truslove - click to read
  • Truslove helps Acorns expand charity shop chain - click to read
  • Government needs to get tough on squatters - Truslove - click to read
  • Jewellery business has the ring of confidence - click to read
  • Government challenged to support business and property - click to read
  • Birmingham based travel agents decide to go on vacation - click to read
  • Midlands based company Praybourne’s success is highly visible - click to read
  • Get real about real estate advises Midlands based company John Truslove - click to read
  • Engineering company set to thrive in Studley - click to read
  • A “gob stopping” success in Bromsgrove - click to read
  • Business rates increase may boost Midlands claims commercial property expert at John Truslove - click to read
  • Cofton Hackett in Midlands gets a national martial arts showpiece - click to read
  • Kingfisher pupils get under the bonnet with help from property consultants John Truslove - click to read
  • Angling giant pins its faith in Redditch - click to read
  • Cowboys warning as rating revaluation looms - click to read
  • Search the site

    News Article
    Search



    Faces behind
    the business

    Gillian Davies

    Gillian Davies



    PressVine
    The Maynard Hotel
    Incentive & Motivation
    Klick Solutions Media
    Gourmet life

    Need a Service?

    Search our Midlands
    Business Directory