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REVAL2023 Information Event
February 10, 2023 @ 10:00 am - 11:30 am
Land & Property Services (LPS) has released draft valuations of almost 75,000 businesses in Northern Ireland.
Angela McGrath, Commissioner of Valuation and Gary Humphrey, NI Reval2023 project manager will present at the event and we would encourage all businesses to check their valuation using this link. https://valuationservices.finance-ni.gov.uk/DraftSchedule/Search
Known as Reval2023, this revaluation process will result in a new non-domestic Valuation List being used to calculate business rate bills from April 2023.
Business rates are charged on most non-domestic premises including shops, offices, warehouses, factories, hotels and pubs as well as utilities such as gas, water, electricity and wind farms.
This revaluation has been delivered only three years since the last Valuation List was published in March 2020. This is the shortest time between revaluations ever delivered in any UK jurisdiction and is a response to calls by business ratepayers here for more frequent revaluations.
As with all revaluations the outcome can vary for an individual property, and not all ratepayers will see a reduced rateable valuation. Some sectors and locations have experienced above average growth.