I'm also looking at opening a UK space and would be really interested in finding out!
On Wednesday, 25 October 2017 17:10:25 UTC+1, [email protected] wrote: > > Hi all > > We are about to open a 65 workstation space in Reading UK. We are a small > business working in partnership with the University of Reading and will be > opening this space in the first building on their new science park early in > the new year. > > Has anybody opening a new coworking space in the UK got experience of > dealing with the ratings authority? We are a small business and would > normally get 100% rate relief on our premises. All the businesses using > the space will also be small businesses who would also get 100% rate > relief. So logically there would be no business rates due for the space as > all parties are eligible for 100% rate relief. > > However because we are taking a lease for 3,600 sq ft of space we are no > longer deemed to be a small business (despite there only being 3 FTE > employees) by the rating authority and could be liable for full rates on > the space which might be £40k. Our understanding that this is payable > almost immediately irrespective of the level of use in the space. > > Any experiences of this issue would be valuable information for us. > > Thanks > > Ed Cooper > VitalSix Ltd > -- You received this message because you are subscribed to the Google Groups "Coworking" group. To unsubscribe from this group and stop receiving emails from it, send an email to [email protected]. For more options, visit https://groups.google.com/d/optout.
