Councils in England predict that business rates appeal will cost them £1.1bn in 2019/20, new figures have revealed.

The data from the Valuation Office Agency shows 150 properties a day appealed their business rates last year.

Since the revaluation came into effect on 1st April 2017, a total of 37,950 appeals were successful.

Alex Probyn, president of UK expert services at Altus Group, said: ‘Despite some valid criticisms of the new appeal regulations, the system works if you get stuck in and we continue to engage with the VOA on ways to help improve it.

‘We increased our volume by 90% in the third quarter of 2018 and the VOA are now clearing more Checks than they receive which has to be some positive news for business.’

The Government has resisted pressure to bring forward a review on business rate appeals to address persistent problems in the system.