Business rates revaluation postponed
06 May 2020
Communities Secretary Rt Hon Robert Jenrick MP has announced that a revaluation of business rates which was planned for 2021 has been postponed in response to the COVID-19 outbreak.
A revaluation is a review of the rateable values of businesses and non-domestic property and is carried out to ensure that rates remain fair and accurately reflect property rental values.
Legislation had been introduced to bring forward a revaluation from 2022 to 2021, however in a bid to reduce uncertainty for businesses affected by the coronavirus, this has now been delayed.
For further guidance contact Backhouse Jones on 01254 828300.
