The new Business Rates list effective from 1st April 2017 has now been published!
With almost 300,000 appeals outstanding from the 2010 list, and the current appeals system in meltdown, the Government in its ultimate wisdom is proposing to move from a two phase system of appeal and replace it with the three phase system of Check, Challenge, and Appeal. This comes with an added sting in the tail; any appeal that actually reaches the Valuation Tribunal could only be amended if the proposed new rateable value is outside the bounds of reasonable professional judgement.
"Check, Challenge, Appeal"- Simple…far From It.
The hope was that any changes would be simplified and more transparent, however the new check, challenge, appeal process seems overly complex and unfair to ratepayers who face up to 3 years before any formal appeal with the additional disincentive of fines for submitting unsuccessful appeals.
There remain significant objections to the new process from a wide range of business interests and professional bodies such as the RICS, with calls for the Government to reconsider its proposals.
However the Government seems intent on fudging this process in an attempt to prevent many businesses who may have legitimate grounds of appeal from actually appealing, or if they do rendering it almost impossible to succeed at Tribunal.
For a free consultation regarding your Business Rating Valuation needs, please contact our specialist team direct.