The government has delivered another blow to the struggling economy by postponing the 2015 rate revaluation until 2017. The effect of this will mean all businesses will continue to pay rates based on “top of the market 2008 rents” for a further two years.
The planned 2015 revaluation would have meant Business Rates being calculated at 2013 rental values and would have seen a fall after a sustained period of negative growth in many areas. This postponement will further increase the injustices in the system, with businesses continuing to pay above market rates in a depressed climate for a further two years at the worst possible time.
For further information on how to appeal your rateable value, contact Mark Keirl on 0161 429 1663 or ma******@ro**********.uk.