Non-domestic rating revaluations take place every five years in England, Scotland and Wales. Business rates are a major cost to organisations and it is important to budget as accurately as possible for future changes in liability. The 1st April 2010 saw the commencement of the 2010 Revaluation and this is particularly important at the time of a revaluation when there are significant changes in the burden of rates borne by different classes of property and in different locations.
The number of steps in the timetable demonstrates how complex the business rates system has become. The draft list which ran from end of September 2009 comes into effect from 1st April 2010 it is only now that formal appeals can be made. We are able to provide full and accurate projections of business rates liability for 2010/11 which account for all the components used to calculate liability for each property
The appeal deadline for 2005 List assessments was the 31st March 2010 although there remain limited rights to appeal as a result of Valuation Tribunal Decisions (the time limit for an appeal on these grounds is 30th September 2010) and for alterations made by the Valuation Officer which are limited to within 6 months of the date of alteration – no alterations can be made after 1st April 2011.