Check challenge appeal
The number of companies challenging their rateable value set by the Government’s Valuation Office Agency, and thus their business rates payable to the local borough councils, has plummeted in recent times, new figures show.
By the third quarter of 2010 there were 182,000 appeals by companies in England contesting their rateable value, according to data from the Valuation Office Agency.
However, since the new business rates appeals process was introduced in April 2017, this figure has fallen to 5,650 businesses, which equates to only 0.3 per cent of the 1.85m rateable properties in England. Of these firms, 2,260 cases were outstanding while only 400 had moved to the next stage to make a formal challenge.
Blame for the sharp decrease in complaints has been placed with the new check challenge appeal process that was introduced in April last year, which has drawn widespread criticism for being unworkable and difficult to navigate.
Here at S.J. Associates (UK) Ltd, we specialise in helping businesses reduce their business rates liability by contesting against the rateable value set by the Valuation Office Agency and aim to achieve the largest possible reductions. Call our head office on 0161 872 7145 and speak to our staff today to see how we could potentially help you and your business.