25 May 2017 
Matt Sisson, Projects and Membership Manager
There’s a new update this week on the UUK-led Rating Revaluation exercise for England and Wales, negotiated by Gerald Eve, and funded jointly by AUDE and BUFDG. The main news is that in March the Valuation Office Agency (VOA) revised down the proposed increase in the headline rateable value from a 53% to 35%.
Another negotiation meeting took place on 3rd May and, while there is not yet agreement on category costs, the VOA are considering Gerald Eve proposals and we await further news. Beyond category cost rates, Gerald Eve still plan to negotiate on other, comparatively minor points, including:
The intention is for Gerald Eve to continue negotiations throughout the summer of 2017, with the aim of securing a Memorandum of Agreement on the remaining points within 2017. You can read the update in full here.
