The Forum is of the opinion that the current valuation process is deeply flawed both in the calculation for rents and for business rates.
The fact that the system has been signed off by so many industry organisations has given the process a level of credibility that it does not deserve and made the deeply flawed, profits means method of calculation, the only available option.
A number of trade organisations who do not necessarily represent publicans have been regularly consulted with by the VOA on these and other matters and as a result, we feel their work has emphasised the needs of big business and pub-owning companies at the expense of individual publicans.
Therefore, we are pleased that the VOA has recognised our growing influence with publicans, both tied and free of tie and have approached us to help reach our members and encourage them to provide information to support the ongoing revaluation of business rates. We are also providing them with feedback on the issues our members face and longer-term hope we will be able to work with them to create a more level playing field within the industry.
The Forum have made it clear that we view the system as being unbalanced and needing serious changes to work properly. In order to make these changes, we need to be working with the organisations like the VOA and we are proud to be the only true tenant representative group that have been approached to work with them.
Alan Colston, Chief Valuer at the VOA, said:
“We’re really pleased to be working with organisations like the Forum of British Pubs and are thankful for their support. We know the pandemic has had a significant impact on many businesses, including pubs. We need to do everything we can to make sure this is reflected at the 2023 revaluation and we have as much evidence as possible about the property market. That’s why it’s really important that pubs submit their up-to-date rental and turnover information to make sure their rateable value and the business rates they’re charged are accurate.”
Once you receive your form you need to complete it and send it back as soon as possible – you can do this by completing a digital copy (details will be provided with your form) or scanning and emailing your paper form.
It is important to provide this information to ensure the business rates you pay are accurate and reflect any changes in the property market, including the impact of the coronavirus (COVID-19) pandemic.
You may not receive a letter immediately but should look out for it and provide this information as soon as you can.
If your business needs support or you need advice, become a member of the Forum today. You can also become a supporter for FREE. Use the form at the top of this page or visit our Protect Your Pub page and enter your name, email and pub details. You’ll join a growing community of pub owners and supporters who can make sure your views and voices are heard when and where it really counts.