Business Rates

Business rates are a tax on businesses and other organisations that occupy commercial premises and are payable to the local authority. The charge that you pay depends on the rateable value of your property which is assessed by the Valuation Office.

Business Rates have become a very substantial and increasingly complex tax on the owners and occupiers of commercial property and requires active management. The core objective of our specialist rating department is to ensure that our client’s rates liability is kept to an absolute minimum.

The Valuation Act, 2001 was the first comprehensive review of rating legislation and valuation law in 150 years, and introduced a number of fundamental changes to the previous system, most notably the introduction of a national programme to revalue all commercial property in Ireland. The Act has since been amended by the Valuation (Amendment) Act, 2015, which further refines the revaluation and appeal process.

The Revaluation  is intended to bring more equity, fairness and transparency into the local authority rating system by creating a much closer and uniform relationship between modern rental values and commercial rates payable.

The Valuation Office, the State property valuation agency, initiated this national programme in South Dublin, the first of 31 rating authorities nationwide, in 2008 and had to date completed further revaluations in Fingal, Dunlaoghaire Rathdown, Dublin City, Waterford & Limerick.

There are a further ten counties, the subject of Revaluation Orders, which are underway. These include:

  • Sligo,
  • Leitrim,
  • Longford,
  • Roscommon,
  • Westmeath,
  • Offaly
  • Kildare,
  • Carlow,
  • Kilkenny
  • South Dublin (2nd Revaluation)

It is intended that once a Revaluation has been completed in a rating authority area, all properties within the area will be revalued within a minimum five year period or a maximum ten year period ensuring that there are continual rolling revaluations. This is the reason that South Dublin is listed for a second revaluation ahead of other counties which have not been revalued to date, as it will be 10 years since it was first valued in 2008.

It is important to note that once a Rateable Valuation is fixed in the Valuation List subsequent to a Revaluation or under the pre-Reval 1988 system, it can only be reassessed on making an application for Revision, which requires meeting stringent criteria.

It is therefore, essential that ratepayers ensure that their Rateable Valuations are fair and equitable and seek specialist advice to ensure that their interests are full protected. Also strict timeframes and deadlines must be adhered to as part of the appeal process so early advice is recommended.

As the leading Rating Consultants in Ireland, with over 50 years’ experience in this specialised area, we have successfully taken numerous test cases on behalf of our Clients, challenging previously accepted principles, and thereby securing significant savings in all sectors of business and industry. We are also experts in seeking Exemptions and offer other services such as managing Rates Relief/Empty Rates.

We would be happy to explain in further detail should you wish to contact us.