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<p>The Government announced on 25 March that it intended to legislate so that market-wide
economic changes to property values should be considered at general rates revaluations,
and therefore would rule out COVID-19 related material change of circumstance (MCC)
claims that could lead to appeals.</p><p> </p><p>At that point, around 170,000 business
rates assessments had claims made for MCCs (in England). Some businesses made multiple
claims on the same property and this figure excludes those. No claims have progressed
to formal appeal as yet (the claims are at the initial Check or Challenge stage of
the process).</p><p>No cases have yet been settled by the Valuation Office Agency
(VOA) and the value of any rating assessment reductions would depend on the facts
of each individual property, and the value of any business rates bill reduction on
any reliefs to which the ratepayer may be entitled.</p>
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