Important new rating appeal deadline

The Government’s Autumn Statement on 3rd November contained an important change to the rules governing Business Rates. It announced that for a rating appeal submitted after 31 March 2015, any refund due will not be backdated for the period 2010 to 2015.  Instead the Government will only adjust the Rateable Value of a commercial property for the two year period from 1 April 2015 to 30 March 2017.

Robert Seares of RDS Commercial said, “These new rules mean that commercial ratepayers will potentially lose up to five years’ worth of rates savings. Any commercial ratepayer who thinks the rateable value of their property is too high, would be well advised to submit an appeal before 31st March so that any reductions are backdated to 2010.“

As a Chartered Surveyor with a post qualification Diploma in rating and a former Chairman of the RICS Rating Diploma Holders Section, Robert is impressing on Oxfordshire businesses the importance of this new rule. He was a recent past President of the Rating Surveyors’ Association and continues to sit on the national committee.

For further information on the new rating appeal deadline, contact Robert call 01993 705594 or email