The current Revaluation began on 1st April 2017 and is targeted to end on 31st March 2021. However, we are yet to see enabling legislation to reduce the Revaluation period to a four-year cycle. The Chancellor announced in his Spring Budget 2020 that reform of Business Rates legislation is due to be reported on in Autumn. Amid the COVID-19 pandemic, the focus has been on supporting the retail, leisure, hospitality and nursery (childcare) sectors, with little aid being afforded to other property uses. Aitchison Raffety are on hand to advise ratepayers in all property sectors regarding Business Rates mitigation.
For further information, please contact Myles O’Brien, Group Director & Head of Business Rates on 0207 907 3700 or via email to myles.o’firstname.lastname@example.org.