The government is determined, in the face of adversity, to get revaluations set to 3 yearly. In the past few decades the UK has seen revaluations change from a standard 5-yearly revaluation to an extended 7 yearly revaluation, to a further delayed 6-yearly revaluation. The current delayed and extended revaluation comes to an end in March 2023. With a new revalution starting April 2023 and the VOA are finally set to get the 3 yearly revaluations underway, with the next expected April 2026.
In November 2022 the draft list was published, which saw some change, whether this is provided to be accurate remains to be seen and whether there is evidence to challenge or support the valuation will be interesting.
AVD is April 2021, we were as a country were just coming out of lockdown and it wasn't until the 12th April 2021 that Non-essential retail, hairdressers, public buildings (e.g. libraries and museums) reopen. Outdoor venues, including pubs and restaurants, zoos and theme parks also open, as well as indoor leisure (e.g. gyms). Self-contained holiday accommodation opens. Wider social contact rules continue to apply in all settings – no indoor mixing between allowed.
During May 2020 the government announced the delay of the revaluation until 2023. The government has also added significant assistance to the Retail, Leisure and Hospitality Sector but less so for Offices, Industrial and Non-Qualifying premises
The introduction to 'Check, Challenge, Appeal System' (CCA) which came into force on 1st April 2017 has not received a warm welcome from Business and Surveyors alike. The system is slow, and few people have faith in its reliability and robustness but undoubtedly it is the only system to work with and so for now we all seem to be navigating slowly but surely. CCA appears to be paving the way for a more tax like systems where the owner /occupier (rate payer) bears the responsibility of the Rateable Value taking the currently duty to maintain a correct list from the overstretched VOA.
However, always remember that change can be good. With change comes opportunity, an ability to reconsider and change one's strategy. Be guided by our expert advice in changing times.
Keeping it simple, we offer a straightforward process. We will check, audit and apply preventative measures to reduce your liabilities going forwards and carry out a full historic recovery, for all your current and historic accounts.
We can advise on the best course of action and will ask you questions to improve your position. We are very cost efficient and the changes we make to your business will mean our services pay for themselves.
By the very nature of being historic, you do not have to wait over future years for our service to be cost effective. It is an instant process with instant results, all money recovered is refunded directly to you.
We work closely with both individual clients as well as collaboratively with large corporate real estate organisations.