Do you pay business rates on serviced offices?

Do you pay business rates on serviced offices?

Business rates are based on the property, so if it increases in value, you can find your rates going up. However, when you use a serviced office or business centre, these have fixed utilities and business rates.

What does serviced office space mean?

A serviced office is an office or office building that is fully equipped and managed by a facility management company, also known as an office provider, which then rents individual offices or floors to other companies. Serviced offices are a central component to the flexible workspace industry.

What is a serviced office UK?

Also known as managed offices or business centres, a serviced office is a workspace which comes ready-furnished, with internet and phone lines pre-connected and devices already equipped. Part-time payment plans are also allowing employees to move between the office and home, which is good news for employers.

How do serviced offices work?

A serviced office is a furnished and fully-equipped pay-as-you-use office space, located in a building managed by an operator. Operators will rent out single serviced offices or whole floors to their clients, giving them access to private, ready-to-use office space on flexible terms.

Does subletting affect business rates?

If you decide to move premises, it’s possible that your business rates will change. It’s your responsibility to notify the Valuation Office Agency if this occurs. The same applies if you: Sublet part of the property to another business.

What does office service mean?

Office Services means the voice, online meeting, video conferencing, and related services, applications, and product integrations, together referred to as Valley Electric/Valley Communications Office.

How many serviced offices are there in the UK?

Serviced offices still dominate the UK market with over 3,000 now tracked by Instant.

How do I avoid business rates?

You are exempt from paying business rates in England if you own any of these property types, regardless of whether or not it is empty:

1. Fish farms, agricultural buildings, and structures where the main purpose is agricultural in nature.
2. Property used for training or the welfare of disabled people.