Financial & Legal News

Business rates revaluation effective from 1 April

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The next business rates revaluation will take effect from 1 April 2017. In the press release issued on 17 February 2017, the Government confirmed that:

  • "The revaluation will make the system more accurate by ensuring business rates bills reflect the property market.
  • Nearly three-quarters of businesses will see no change or a fall in their bills from 1 April 2017 thanks to the business rates revaluation, with 600,000 businesses set to pay no business rates at all.
  • The government will not benefit financially from the revaluation – it is a revenue neutral process.
  • In addition, from April 2020 business rates will switch from being linked to the Retail Price Index (RPI) to the Consumer Price Index (CPI), saving businesses around £370 million in total from 2020-21." 

You can visit the Government's webpage to help you find and check your rates valuation here.


For more information on commercial and corporate law issues, contact Keith Kennedy on 0161 684 6942 or make an enquiry.

Please note that the information and opinions contained in this article are not intended to be comprehensive, nor to provide legal advice. No responsibility for its accuracy or correctness is assumed by Pearson Solicitors and Financial Advisers Ltd or any of its members or employees. Professional legal advice should be obtained before taking, or refraining from taking, any action as a result of this article.

This blog was posted some time ago and its contents may now be out of date. For the latest legal position relating to these issues, get in touch with the author - or make an enquiry now.

Written by Keith Kennedy


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