Imagine the competing requirements of government and business as a game of tennis:
Shopkeepers deliver a fine opening serve, with a demand for annual revaluations, to reflect accurately swiftly-changing economic circumstances-
Government responds by proposing three-year revaluation periods-
Businesses respond with a demand for the extension for rates relief-
Government reacts with a rates relief taper from 100% to 66%, capping the scheme at £2m-
Businesses, clearly feeling the pressure, hope for bad light-
Government moves in for the kill, requiring the VOA to instruct businesses to provide detailed information annually, vastly increasing paperwork-
RESULT: game, set and match to government.
Commercial Property Advisors (CPA) urges firms emerging from the business rates holiday to consult them for a free consultation, which could lead to a successful challenge to their rates bills, based on sophisticated data, surveyors' evidence-based reports, and the dedicated services of a Personal Advisor.