The Valuation Office Agency (VOA) may alter the rateable value of your business premises if circumstances change. You and anyone else who has an interest in the property can appeal against the value shown in the list of rateable values if it is believed to be incorrect.
Please note that the Government has announced that there will be limits on the backdating of changes to rating assessments with effect from 1 April 2015.
If the VOA receives your appeal on or after 1 April 2015, then the earliest they can back date any changes is to that date. The council can only back date a business rates rebate to that same date too. You will continue to have your full legal rights to appeal your rating assessment.
The VOA will continue to fulfil their legal obligations to alter rating assessments if new information comes to light indicating the valuation is inaccurate. Any alterations they make on or after 1 April 2016 can only be backdated to 1 April 2015.
For further information about the grounds on which appeals may be made and the process involved, visit https://www.gov.uk/topic/local-government/business-rates.
In 2016 a Supreme Court case changed the way that the Valuation Office Agency assessed the rateable value of premises where there is more than one occupier. Details can be found at https://www.gov.uk/government/news/changes-to-how-we-value-some-non-domestic-properties-with-more-than-one-occupier/. This may have resulted in some ratepayers being liable for multiple rating assessments and they may have lost any entitlement to Small Business Rate Relief.
The Government has decided to introduce legislation that reverses this in a number of cases - http://www.legislation.gov.uk/ukpga/2018/25/section/1/enacted.
If you have been affected by this ruling, we would suggest that you contact the Valuation Office Agency to discuss the matter.