Case No. UKUT-24-(LC)

131.For the reasons which we have set out in this decision, we reach the following conclusions:(1)There was no material change of circumstances, for rating valuation purposes, on the Material Day. (2)The mothballing of the Power Station did not change the MCO of the Power Station, for rating valuation purposes, on the Material Day.(3)On the Material Day the Power Station remained in use as a power station.(4)Accordingly, no alteration of the 2010 rating list is justified on the basis of material change of circumstances. 132.Accordingly, the appeal falls to be dismissed. The decision of the VTE stands, and the rateable value of the hereditament comprising the Power Station remained £5,340,000 as from 1st April 2013. The President, Mr Justice Edwin Johnson Mr Mark Higgin FRICS FIRRV 3 February 2022