Business Rates Audit
Accurates has been engaged since 2015 to perform an audit and reconciliation exercise regarding business rate liabilities in the UK for one of the UK’s leading providers of housing, care and community services.
For this client, Accurates provided a full audit service, scrutinising in detail individual historical and current billing authority levies and matched the data with the company’s UK property portfolio information.
We especially focussed on the assumptions behind calculations and verification against the various statutes, statutory instruments, cases and practice/guidance notes concerning the billing and collection of non-domestic rate liabilities.
Our forensic auditors constructed ‘virtual’ rate demands and refund computations and, using our letter of authority, executed comparisons against the historical and current records held by billing authorities.
By the use of precisely engineered methodologies, the Accurates team were able to expose any inaccurate calculations and non-compliance, which in some cases lead to overcharges being refunded that go back over a number of years.
Our experts in the regulations governing the calculation, billing, collection and enforcement of rate liabilities and the legislation covering other areas of rating practice, which is extremely complex and subject to constant change, are skilled specialists.
Over a period of 6 months to date we have been able to recover £200,000 for one of the UK’s leading providers of housing, care and community services.