Businesses in Cornwall are being targeted by a scam offering them the chance to reduce their business rates.
Cornwall Council’s Trading Standards team has issued the warning about ‘rating reduction’ firms who are contacting local businesses offering to help them have their business rates reduced on appeal in return for a fee of up to £500.
Local authorities are required to collect business rates on behalf of central government. All rateable values are reassessed every five years and when new rates are applied to businesses, Cornwall Trading Standards receives more complaints about firms who are targeting businesses whose rates may have increased.
Official advice is to be “very cautious” of claims from companies that cold call. Stuart Benson, area manager of the Council’s Public Health and Protection Service, said: “Get advice from the local Valuation Office before you agree to anything. Details of the appeals procedure are included in the revaluation notification and the explanatory notes accompanying the rates bill from the local authority.”