IRRV Alert - week ending 12th December 2014

Information Letters

News

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Consultations

Reports

Consultation outcome: Checking and challenging your rateable value

 

 

 

 

 

Consultation outcome

Checking and challenging your rateable value

 

This consultation has concluded

Download the full outcome

Checking and challenging your rateable value: summary of responses (December 2014)

Ref: ISBN 9781409844181 Published: 31 July 2014PDF, 322KB, 7 pages

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Business rates: open letter to those who responded to the consultation paper "checking and challenging your rateable value" (July 2014)

Published: 31 July 2014PDF, 141KB, 1 page

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Detail of outcome

An open letter to those who responded to the consultation paper “checking and challenging your rateable value”.

The consultation summary provides a breakdown of responses by organisation. In total 71 responses were received.

Original consultation

This consultation ran from 5 December 2013 12:00am to
3 March 2014 11:00pm

Summary

This consultation sets out the government's proposals to improve transparency in the business rates valuation and formal challenge system.

Documents

Checking and challenging your rateable value: the government’s proposals to improve transparency in the business rates valuation and formal challenge system

Ref: ISBN 9781409840862 PDF, 1.76MB, 21 pages

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Consultation description

The rating system should provide an easy to use and prompt opportunity for ratepayers to understand their rateable value, challenge it if necessary and gain reductions where it is found to be too high. Under the current system, ratepayers cannot see the rental evidence on which rateable values are based and make large numbers of speculative challenges with little or no explanation of why they think their rateable value is wrong.

About 3 quarters of challenges result in no change, but the Valuation Office Agency (VOA) cannot identify those challenges until very late in the process. The resulting delays mean that those businesses whose rateable values are too high have to wait for refunds.

This consultation sets out the government’s proposals to reform the current system for explaining and challenging rateable values.


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