In the Autumn Statement the Chancellor announced that he proposed to restrict claims for overpayment of business rates to two years, rather than the current seven years. Effectively, if an appeal is lodged on or after 1 April 2015, the Valuation Office Agency will only be able to backdate successful claims to that date.
The current business rates were set on 1 April 2010 and are due to be renewed by the Valuation Office Agency on 1 April 2017. You can check the rateable value of your premises on the Valuation Office Agency website. Should you consider you have grounds for an appeal, consult a surveyor accredited to the Royal Chartered Institute of Surveyors.
Finally, a word of caution, avoid surveyors who base their fees on the level of any savings achieved.
– Inderjit Gill, Associate, Jacksons Law Firm
Please share the article
