The Last Valuation of Commercial Property was in 2005. There will be a revaluation in 2010. There have been changes to the regulations covering the submission of appeals (proposals) against your current Rateable Value
Probably the most important of the changes is the removal
of the time limits on submitting proposals (rating appeals)
and the introduction of a restriction on the number of proposals that a ratepayer, or their representative,
can submit.
In the past, there was no restriction on the number of proposals (appeals) that could be submitted and, as a result, it was not uncommon to submit several duplicate proposals against the same Rateable Value on the same property at the same effective date for the same reasons.
In addition to this, during the 2000 Rating List there were time limits on the submission of proposals which meant that if you submitted your appeal against your 2000 list Rateable Value after 31st March 2001, any success you had could only be effective from the start of the year in which the appeal was submitted. This made some agents submit a proposal on the same property every year. |
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The Valuation Office Agency (VOA or VO) blamed these
practices for the long delays in the Rating Appeal system as it could take
up to three years for a Rating Appeal to be resolved. In an effort to cut
down on duplicate appeals, the new regulations say that a ratepayer can submit
only one proposal for any one event. For example, your property was given a new
rateable value from 1st April 2005 so you can appeal against it -
once.
If, for example, there is a Material Change of Circumstance
(MCC) in your locality (such as a shopping centre opening in December 2008)
and you feel it has a detrimental effect on your business, you can submit a
proposal to have your Rateable Value reduced because of that one MCC -
once.
You can appeal at any time before 31st March 2010 and
it will be effective from 1st April 2005, or in the case of an MCC the date
of the MCC.
Thus we can submit an Appeal against the Rateable Value of
the Premises which, if successful would result in a rebate for each rating year
back to 2005.
Contact us now for a
Quotation |
