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Business Rates Revaluation 2010

Every five years all non-domestic (business) properties are assessed and given new rateable values, based on rental values, for the purpose of calculating liability for business rates.

The revaluation will not raise extra revenue.

Revaluation does not raise extra revenue overall. Instead, the revaluation reflects changes in the property market across the country and therefore redistributes the same total tax liability for business rates. Some rates bills will rise and some will fall, but legislation means the average national bill will only change with inflation.

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