GL Hearn Response to Spending Review 2020

Richard Williamson, the National Head of Rating for real estate consultancy GL Hearn, has written a thorough response to the recently announced 2020 Spending Review.
It is of particular interest as GL Hearn are involved in the strategic discussions currently taking place.
Highlights include:
- Government’s final report following the fundamental review of business rates will only be published in Spring 2021
- A modernisation of the Valuation Office Agency (VOA) to improve efficiency & flexibility
- Meetings between the VOA & ratepayer representatives are ongoing regarding the high number of COVID-19 Material Change of Circumstances (MCC) Checks leading to a Challenge in relation to seeking a reduction in rateable value.
Read more below.