PracticeAccounting FirmsDeloitte in rates dispute with the City

Deloitte in rates dispute with the City

Deloitte in legal row with the City of London corporation over overpayment of rates

deloitte hq

Deloitte
is involved in a legal row with the
City of
London Corporation
in a dispute over the alleged overpayment of rates.

The firm has issued a writ filed with the High Court demanding £3m from the
Corporation as well as damages and interest.

Deloitte says the valuation officer altered the local lists in 1995, changing
premises at Stonecutter Court from 25 separate properties to just one. The
valuation officer then provided certificates stating the rateable value on an
erroneous basis calculated under the Non-Domestic Rating (Chargeable Amounts)
Regulations 1994, the writ says.

The discrepancy purportedly came to light when the secretary of state for
transport, local government and the regions wrote to rating authorities about
transitional regulations.

Chartered surveyors acting for Deloitte wrote to the Corporation last October
and November requesting repayment of the overpaid rates, but the Corporation has
thus far refused to pay back any money, the writ claims.

The claims relate to the period from 1995 to 2004. The City of London
declined to comment.

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