Promoting and enhancing best practice and technical expertise

The 24th National Rating Day

The National Rating Day has become a major fixture in the Rating calendar. It is the largest gathering of rating practitioners year on year; and is a must attend event if you work within the profession. This recording looks at the here and now, policy and reform and best and effective practice. 

Module Duration: 5 hours 11 minutes

Recorded: 06/06/2024

Areas covered

Welcome & Introduction from the Conference Chair - Richard Williamson

Rating Policy

Rating Receipts Fund Local Government: With Authorities Seemingly Queuing up for Bankruptcy, The System is Clearly Not Working.  

  • Why is local government failing? The pathology of the disease
  • Possible solutions?
  • What impact might there be on the rating system?

Manifesto of the Parties

Business Rates Reform and Policy

  • Post the General Election what can we expect from: Conservatives, Labour, Liberal Democrats & Coalition/Hung Parliament
  • IRRV Policy approach for Local Government and Business Rates

Current Rating Practice

Agents Standards/Compliance/Good Practice for CCA

  • IRRV/RSA and RICS have endorsed it
  • But what does it mean in practice?
  • Behaviours sought to be eliminated?

How the Rating System can be Improved - An Agent Perspective 

Changes to the Rating System from the Non-Domestic Rating Act 2023 – Those in Place, and Those to Come

Improvement Relief from 1 April 2024

  • What is the relief?
  • How does it operate?
  • How do you apply for relief?
  • What happens if you are not happy with the outcome? 

Material Changes of Circumstance

  • What are the changes and how do they affect valuation? 

What is still to come?

  • Duty to notify
  • Annual confirmation
  • Penalties and Compliance regime 
  • If this is to work, IT will be central to this.  

A Talking Heads Discussion: Is There a Place for Appeals in a 3 Year Revaluation Cycle?

  • As the VOA new computer infrastructure develops, as the duty to notify kicks in and as the Rating List matures, will appeals be consigned to history?
  • What is the future of CCA?  
  • What will the future rating system look like?
  • What are the tactics and processes?
  • Who are the interested parties?
  • What happens to the Tone of the List?
  • Where might tensions emerge between ratepayer advisors and the VOA?

Next Steps in Reform

Case Law Update

  • Dan Kolinsky KC provides his annual review of significant caselaw and topical legal developments affecting the rating world