Business Rates appeal process changing

Thursday 05 February 2015

If you think you are paying too much in business rates, you need to take urgent action. The Government has announced proposals that radically change how much you could claim if you appeal against a business rates assessment.

It is the Valuation Office Agency (VOA) that sets the rateable value for non-domestic property. Local councils then calculate the bill based on this rateable value.

As I’m sure many of you will be aware, business rates, set by the VOA every seven years have always been a controversial topic and many believe that the way in which they are assessed is an outdated and inaccurate. Awareness of this, and the appeals process, has also been raised in recent years by high profile campaigners.

You can make an appeal against the valuation at any time and for a number of different reasons, and whilst this will still be the case after the changes come into effect on 1 April 2015, the maximum period of time that you can claim for is due to be revised.

As it currently stands you can claim a rebate of up to seven years backdated, but come April, that will reduce down to just two years! The difference in the rebate value could be very substantial. Therefore, if you think you are paying too much in business rates, we strongly advise that you make an appeal before 31 March. Current ratings are due to be reassessed on 1 April 2017.

You can go to the website to find out more about your valuation, including the details they have for your property - https://www.gov.uk/correct-your-business-rates

If you disagree with the valuation, the first thing you can do is ask the VOA to correct any details that you think are incorrect, otherwise known as ‘making a valuation enquiry’.
They may choose to reassess your property.

However, if they don’t or if you think you have grounds to appeal the decision you can do so here