Authorities could be losing out on thousands of pounds due to false claims made for small business rates relief (SBRR). With a number of businesses across England claiming SBRR on the basis that they either only use one property or have a rateable value of less than £15,000, it is imperative to verify that this information is correct.
Historically it has been difficult to identify those businesses operating from multiple properties spread across the country because local authorities don’t have ready access to each other’s data. In response Destin Solutions have created a central database called HUB, which pools together all ratepayer data published individually by each Local Authority. HUB identifies all English Commercial properties and related information and stores it centrally with easy access through a securely hosted business intelligence portal.
A single view of the ratepayer
Local Authorities who subscribe to the HUB service will have access to unprecedented information and be able to view the following;
- Rateable values of properties
- Relief currently assigned to properties
- Results of ‘company name’ matches across multiple regions and authorities
- Flagged instances of suspected SBRR fraud requiring investigation
Using a rate-payer tagging system to identify instances of potential SBRR fraud, subscribers will be able to investigate suspect relief claims in their area as well as alert other Authorities to where fraud may be happening.
The solution will give subscribers the ability to easily load and view their own data, ensuring data is kept fresh and accurate on an ongoing basis.
With local authority budgets being continually squeezed and 100% rates retention on the horizon, every penny counts. The HUB Ratepayer data pooling solution provides a step in the right direction, ensuring Local Authorities can collect exactly what is owed and increase revenues by clamping down on false relief claims.