UK Climate Change Risk Assessment Evidence Report »The Wales report highlights the risks to our economy, communities and environment from flooding and heat.Learn more »
First Minister holds Extraordinary British-Irish Council Summit to discuss Brexit
The First Minister of Wales, Carwyn Jones has convened an extraordinary meeting of the British-Irish Council (BIC) to discuss the outcome of the EU referendum.
- Public Health Minister accepts new recommendations on Vitamin D intake
- Tourism industry ready for an EPIC summer
Featured story »National Assembly 2016 election results
- First Minister holds Extraordinary British-Irish Council Summit to discuss Brexit
- Consultation on The Local Authorities (Calculations of Council Tax Base) (Wales) (Amendment) Regulations 2016
- Welsh Language Standards – Improving services for Welsh speakers within the health sector
- Proposed Technical Advice Note (TAN) 24: The Historic Environment
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Featured consultation »Proposed technical advice note 24: The historic environment
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Section highlightLand Transaction Tax
Land Transaction Tax will replace UK Stamp Duty Land Tax in Wales.
Final Budget 2016-17 »
The amount of funding allocated to Welsh Government Main Expenditure Groups (MEGs) for 2016-17 is £15bn.Learn more »
- Statistics & Research
Non-domestic Rates Revaluation
Non-domestic properties are normally assessed every five years and given new rateable values, based on rental values, for the purpose of calculating liability for non-domestic rates (also known as business rates).
Revaluations do not raise extra revenue.
A revaluation was scheduled for 2015. However, due to economic conditions and following a decision by UK Government to delay the revaluation in England, a decision was taken by the Welsh Ministers to postpone the date of the next revaluation in Wales until 2017. The new rating list will come into force on 1 April 2017.
Revaluations do not raise extra revenue overall. Instead, revaluations reflect changes in the property market across the country, and therefore redistributes the same total tax liability for non-domestic rates.
Some rates bills will rise and some will fall, but legislation means the average national bill will only change with inflation.