Doncaster businesses ‘could lose millions of pounds’

Chancellor George Osborne.
Chancellor George Osborne.

Companies in Doncaster could lose up to £17 million unless they meet a crucial business rates appeal deadline.

Businesses pay their rates based on a property valuation but they can appeal it if they believe the valuation is wrong. Successful appeals submitted by March 31 will be entitled to backdated savings to April 2010. But Chancellor George Osborne’s new rules mean successful appeals after that date will not get backdated and are only be eligible for future savings incurred between April 2015 to April 2017. About 81 per cent of Doncaster firms are yet to appeal, meaning about £17 million will stay with HM Revenue & Customs.