Edit ? False
CMS?
26.04.2017

CCA and the new rating world

Following the belated introduction of the new rating appeal regulations ratepayers will be forgiven for thinking that the system of rateable value assessment and appeal has already been vandalised and damaged beyond repair, but that no discernible reconstruction is likely to take place for a number of financial years. At the same time any prospect of quick remedies for hard hit taxpayers with heavy and erroneous rating assessments has now disappeared. 

In his budget speech the Chancellor, Philip Hammond, went out of his way to confirm that the system was too tax lucrative to be abolished and once again kicked the reform ‘can’ well down the road to nowhere. In the interim the 2017 rating revaluation has imposed changes in process that will make it more difficult for small and large manufacturing businesses, retailers, leisure occupiers, service providers and major distributors alike to correct their rates overhead. Rateable Value assessments are supposed to represent a building's rental value at 1 April 2015 (pre-Brexit). 

The rating appeals regime in the UK is about to change and Montagu Evans believe that it is not that the adjudication process will become blunt, because it is already impossible to achieve objective dispute resolution, but rather that there will be significant new barriers in place for a ratepayer to actually arrive at the formal appeal stage.

 

Add your comment




Comments

No comments

Contact Us

CLOSE

Thank you

Thank you for contacting us. A member of staff will answer your query shortly.

Details

I am interested in:

Fields marked with a '*' must be completed.
Montagu Evans can contact me with relevant industry news.
Head Office

5 Bolton Street, London, W1J8BA

+44 (0) 20 7493 4002
+44 (0) 20 7312 7548
Glasgow

302 St. Vincent Street, Glasgow, G2 5RU

+44 (0) 20 7493 4002
+44 (0) 20 7312 7548
Edinburgh

4th Floor, Exchange Tower, 19 Canning Street, Edinburgh, EH3 8EG

+44 (0) 20 7493 4002
+44 (0) 20 7312 7548
Manchester

2nd Floor, Abbey House, 74 Mosley Street, Manchester, M2 3LW

+44 (0) 20 7493 4002
+44 (0) 20 7312 7548
Contact Us
Message here
Exit Preview