Chancellor offers lifeline to ratepayers

Chancellor Phillip Hammond has delivered his first Spring Statement, and befitting the recent thaw in the icy weather conditions, he has, as did his predecessor Nigel Lawson in 1991, predicted the first green shoots of recovery in the public finances, with the deficit now essentially all but eliminated. Hammond also announced that the Rates Revaluation,…

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Rates Relief on Obsolete Building

It has taken two appeals and 5 years of negotiations by Underwoods. Eventually the Valuation Office Agency conceded that a disused flour mill in Peterborough was obsolete and the Rateable Value has been reduced to zero with effect from June 2010 yielding a rates refund in excess of £150,000. Rating Law dictates that buildings are…

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