Successful prosecutions for scallop fishing offences »We take seriously our responsibility for managing and protecting Welsh seas and all our natural resources.Learn more »
Congratulations to GCSE pupils on results day - Kirsty Williams
The Education Secretary Kirsty Williams has offered her congratulations to students across Wales celebrating their GCSE and Welsh Baccalaureate results today.
- Recycling in Wales reaches record high
- Stellar team poised ready to recognise Welsh heroes
- Congratulations to GCSE pupils on results day - Kirsty Williams
- Proposed changes to how Environmental Impact Assessment applies to Town and Country Planning
- National Strategy on Violence Against Women, Domestic Abuse and Sexual Violence - A framework for delivery 2016 - 2021
- Establishment of a Flood and Coastal Erosion Committee
- Consultation on The Local Authorities (Calculations of Council Tax Base) (Wales) (Amendment) Regulations 2016
Featured consultation »Welsh Language Strategy: A million Welsh speakers by 2050
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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
Upcoming calendar »
See the schedule for all statistics and research releases.View upcoming calendar »
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.