Rating revaluation 2021 postponed

7th May 2020 | Chris Stewart

The Government has announced that the 2021 business rates revaluation, brought forward from 2022 and due to be based on April 2019 market values, has been postponed because of the Coronavirus pandemic. Whilst this has little immediate effect, it does mean rateable values will continue to be based on April 2015 figures which in some instances no longer reflect the realities amongst retail, office or industrial sectors. We work in partnership with specialist rating surveyors and are happy to advise on rates mitigation measures.

The full announcement is in the following link

https://www.gov.uk/government/news/business-rates-revaluation-postponed

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The Royal Institution of Chartered Surveyors was founded in 1868 and is now responsible for around 120,000 members worldwide. Its members are subject to regulation and periodic review as well as operating to strict Rules of Conduct.

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