2017 Rating Revaluation

27/09/2016

2017 Rating Revaluation

The 2017 Business Rates Revaluation Draft List is due to be released by the Valuation Office Agency on 30th September 2016.

 

The new 2017 Rating List comes into effect from 1st April 2017 producing new Rateable Values for commercial property occupiers; seven years since the last Revaluation and nine years since the antecedent valuation date, when rental and other transactional information was gathered in order to set current RV's.

Your 2017 Rateable Value will be used to calculate your Rates Liability going forward for the 5 year period of the 2017 Rating List.

It has been widely stated that the current Rating System is broken so the Government will be introducing a revised system they are calling Check Challenge Appeal.

Check Challenge Appeal will comprise a three stage process starting with the Ratepayer checking the facts, within his possession, upon which the Rateable Value is based. However, the Rateable Value is set by the Valuation Office Agency who it seems will not divulge full facts to the Ratepayer as to how the Rateable Value was set.

The new Appeal System is going to be complex with a number of potential pitfalls that could prejudice a ratepayers right of appeal.

Scanlans Rating Department provides impartial Business Rates advice with no advanced charges, and performance based fees geared to savings obtained for the client. "NO WIN NO FEE"

For more information please contact our Head of Rating, Colin Whelan 07881 249812 who will be more than happy to assist. colin.whelan@scanlans.com

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