Business rate appeals have fallen 90% in the first full year of the new Check Challenge Appeal system, compared with the last revaluations in 2010.
New Valuation Office Agency (VOA) statistics published today revealed that there were 23,770 checks lodged after one year of the 2017 list, compared with 234,210 appeals lodged after one year of the 2010 list.
The government intended to bring in a new system to cut speculative appeals, but many have been put off appealing all together as a result of its complexity.
Alex Probyn, president of UK expert services at chartered surveyor Altus Group, said: “A key intention of Check Challenge Appeal was to create a more streamlined and modern system. In doing so, it was bound to cause dissatisfaction among those who felt deterred, but I think all stakeholders understand this isn’t working as well as intended.
“We are working with the VOA and government to make further improvements to the system. There are still process challenges and legacy attitudes to overcome, but it is certainly possible to make it a change for the better long term.”
However, those that are appealing are actually enjoying a far higher success rate. The number of checks settled after one year has risen by 60% and, of the 18,400 checks settled, a total of 13,230 have been agreed or partially agreed, an overall success rate of 72%.
Revaluations last happened in 2010. The five-year limit was extended a further two years as a result of the 2015 general election.