Business Rates advisory

We have a dedicated team of business rates experts that helps clients push for consistent regulatory and tax treatment of their infrastructure assets. We have unparalleled experience making the case for appropriate valuation to the relevant authorities and a proven track record of delivering significant savings.

Flint helps clients with complex network assets to optimise their business rates liabilities, using a mix of economic, financial and regulatory expertise. Business rates typically account for around 10% of the operational cost of most utilities and are usually one of the top five cash costs. Rates are sometimes regarded as an “uncontrollable” cost.

Flint’s approach


We understand the business rates, industry and regulatory environments
We use our expertise to align the business rates submissions to the regulatory and financial positions.
We provide bespoke advice and analysis
Our bespoke advice and analysis enables a more robust valuation and takes proper account of network investment and innovation.

Case studies

Business rates work for a large UK water company
Business rates work for a large UK water company
Our client was paying relatively higher levels of business rates than its peers, and wanted to see what could be done to bring its rates into line with other water companies.
The implication was that the tax authorities were not adequately taking into account our client’s network upgrades.
  • Reviewed the existing assessment to see what information was included, then identified additional information sources that could be helpful.
  • We analysed the new data in order to create evidence for the tax authorities to make their assessment more robust. We presented this evidence and led discussions with the tax authorities.
  • Through an iterative process we reached an agreement with the tax authorities on the best approach to capture the relevant data.
  • The tax authorities were happy to have more robust evidence to include in their assessment.
  • The resulting assessment implied a significant (5-10%) reduction in the annual business rates liability.
  • Our client received a cash rebate worth £10s of millions.

Have expertise in this?

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Sectors where we can help

Water

Flint helps companies and investors navigate the UK water sector, and the complex – and evolving – political, policy and regulatory environment in which it operates.

Telecommunications

Flint helps telecommunications providers and investors navigate a complex and ever-changing competition, policy and regulatory landscape drawing on our deep sector knowledge and extensive senior level industry experience.

Energy

Flint supports companies at the heart of the energy transition to navigate the rapidly changing policy and regulatory environment that impacts investment and commercial plans.

Infrastructure

We help corporates and investors across the UK and Europe to understand and navigate the political, policy and regulatory landscape across the infrastructure and energy sectors.

Our experts

Nick Morris

Nick advises clients on competition finance, regulatory strategy, business rates and network economics.

Momin Hayee

Momin advises clients on costing, pricing, profitability and business rates across multiple sectors.

Let’s discuss

We will be delighted to discuss how Flint could support you and tailor our services to help you deliver commercial success in this area.
Contact our experts
Case Study Title
Challenge
A late change to an incoming prudential regime resulted in a client’s international operations being brought in scope, meaning the client would be required to hold significant additional capital. The client needed support to consider the options and make a decision about how best to mitigate the impact of this.
What Flint Did
Outcome
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