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We now need your support and agreement at an Extraordinary General Meeting (EGM) to take the fight to the next level.\u003c/p\u003e\n\u003cp\u003eWe have sent you this information via email but just in case you haven\u0027t seen it, please see below.\u003c/p\u003e\n\u003ch3\u003eGetting your support to escalate the fight\u003c/h3\u003e\n\u003cp\u003eRates are escalating quickly for NFAN members and much quicker than in other sectors. Your Committee (and Rates Sub-Committee) believe that if action is not taken, we will all end up paying between 6-9% of turnover. Some farm parks have not yet been impacted by the Valuation Office Agency’s (VOA) 6-9% target for business rates, however, all the evidence suggests that it is coming to everyone. \u003c/p\u003e\n\u003cp\u003eThe Committee feel the best chance of getting the VOA to change their approach is go to an Upper Tribunal. This costs a lot of money especially if we lose and as such, we won\u0027t take this decision without Members support. Therefore, \u003ca href=\"https://www.farmattractions.net/wp-content/uploads/2021/02/EGM-Agenda-2021.pdf\" target=\"_blank\"\u003eplease find here the notice for an Extraordinary General Meeting (EGM)\u003c/a\u003e, scheduled for \u003cstrong\u003eFriday 5 March at 3pm\u003c/strong\u003e. This outlines the resolution we would like you to vote on in person or by proxy. More information will be available ahead of the EGM. \u003c/p\u003e\n\u003ch3\u003eWhy we feel we need to go to Upper Tribunal\u003c/h3\u003e\n\u003cp\u003eIn the Upper Tribunal, (which is similar to the High Court) we with our Legal Team will be able to get the Tribunal panel members to listen and fully evaluate our arguments in much more detail than at a Lower Tribunal. We can question more easily the evidence the VOA are using, which we believe to be fundamentally flawed, to arrive at rateable values between 6-9% of turnover.\u003c/p\u003e\n\u003cp\u003eOur Barrister and Legal Team will devise the arguments, based on significant amount of evidence that we have collected and that this will give us the best chance of winning. \u003c/p\u003e\n\u003ch3\u003eThe Need for an Extraordinary General Meeting\u003c/h3\u003e\n\u003cp\u003eNFAN have built up a reserve over the last 5 years for situations just like this. Going to an Upper Tribunal will a full Legal Team is beyond the reach of most if not all of our members. Excluding the Upper Tribunal costs, we can afford to pay our bills for the next 12 months and still have £150,000 in reserve. This assumes zero income from events so is the worst case scenario. If we lose at Upper Tribunal, it will take the majority of the £150,000 reserves; hence the need for an EGM and member support\u003c/p\u003e\n\u003cp\u003eFor most members paying rates based on 6-9% of turnover will see a large proportion of their profit wiped out. For some it may mean them becoming unviable. After many hours of work and much research your Committee have voted unanimously to seek your approval for NFAN reserves to be committed to fight this on everyone’s behalf. \u003c/p\u003e\n\u003cp\u003eIn the days leading up to the meeting, we will share more information with you, and give you the chance to ask questions. For now, please schedule the EGM in your diary (\u003cstrong\u003eFriday 5 March at 3pm\u003c/strong\u003e). \u003c/p\u003e\n\u003cp\u003eKindest regards,\u003c/p\u003e\n\u003cp\u003e\u003cstrong\u003eNFAN Committee\u003c/strong\u003e\u003cbr\u003e\u003c/p\u003e","PostingTime":"22 February 2021 11:17","PostingUserName":"Jodie Kimble","CanMarkAsRead":false,"HasBeenRead":false}],"IsAdmin":false},"ComponentError":null,"Background":{"Colour":null,"ImageURL":null,"ImageCrop":null,"Filter":null,"Html":"\u003cdiv class=\"cms-image\"\u003e\u003c/div\u003e"}}],"Height":0,"ColumnSpacing":0,"BottomMargin":0,"IsFullWidth":true,"IsBackgroundFullWidth":true,"Background":{"Colour":null,"ImageURL":null,"ImageCrop":null,"Filter":null,"Html":"\u003cdiv class=\"cms-image\"\u003e\u003c/div\u003e"}}],"PageURL":"https://members.farmattractions.net/Cms/Spaces/DEFAULT/?version=1","AllVersions":[{"ID":1,"Name":"v1 - Home Page - Joanne Shovelton - 14/10/2020 09:49"}],"Comments":[],"UpdatedComments":[],"Spaces":[],"IsWatching":false,"LastViewTime":null,"CanEdit":false,"CanPublish":false,"CanComment":false,"CanReadComments":false,"CanModerateComments":false,"CanLike":false,"CanWatch":false}