Business Rates revaluation - update

The Government has initiated the 2017 business rates revaluation, by laying an Order which specifies 1 April 2015 as the valuation date for the new assessments.

From 2017 business rates bills should therefore reflect property rental values as at April 2015.

The Order relates to England only as business rates are devolved matters in Scotland and Wales, but it is anticipated that a similar valuation date will be fixed there.