Countdown to the 2017 Rating Revaluation Timeline Preparations for the 2017 rating revaluation are already under way. Ratepayers should be aware of the stages between now and the start of the new rating list on 1 April 2017. April 2015 2016 2017 Making commercial sense of property www.vailwilliams.com VAI.WIL.126 4th January 2016 Department of Communities and Local Government (DCLG) consultation on proposals to reform business rate appeals system (Check, Challenge, Appeal) closes. February 2016 95% of the 2017 draft rateable values expected to be completed by end of February. 31st March 2016 Last day for Valuation Office Agency (VOA) to serve notices for retrospective adjustments to Rateable value back to 1st April 2010. Spring Budget 2016 Expected announcement by the Government on proposed reform of the rating system along with details of new regulations for Revaluation 2017. 31st March 2017 Last day for appeals against 2010 list assessments. 1st April 2017 2017 Rating List goes live Check, Challenge, Appeal regime commences. February 2017 Rate bills will be issued for the 2017/2018 rate year. 30th September 2016 Draft 2017 rateable values are published online only. These need to be checked for clear factual errors and provide the basis for planning your rates mitigation strategy. Representations to be made to the VOA in order to influence their valuation approach for properties determined on a non-rentals basis. November 2015 The government’s autumn statement provided little advice on future rating systems – deferred to spring budget March 2016. 1st April 2015 Antecent Valuation Date The rental valuation on which new 2017 list assessments will be based. Winter 2016 Announcement on the UBR multiplier for 2017/18 and transitional arrangements. At this stage budget estimates for FY 17/18 can be provided. 8th July 2016 HM Treasury consultation on delivering more frequent revaluations closes. Contact our rating team: Tel: +44 (0)20 3589 0050 Email: [email protected]
Welcome message from author
This document is posted to help you gain knowledge. Please leave a comment to let me know what you think about it! Share it to your friends and learn new things together.
Transcript
Countdown to the 2017 Rating Revaluation TimelinePreparations for the 2017 rating revaluation are already under way. Ratepayers should be aware of the stages between now and the start of the new rating list on 1 April 2017.
April 2015 2016 2017
Making commercial sense of property
www.vailwilliams.com
VAI.WIL.126
4th January 2016 Department of Communities and Local Government (DCLG) consultation on proposals to reform business rate appeals system (Check, Challenge, Appeal) closes.
February 2016 95% of the 2017 draft rateable values expected to be completed by end of February.
31st March 2016Last day for Valuation Office Agency (VOA) to serve notices for retrospective adjustments to Rateable value back to 1st April 2010.
Spring Budget 2016Expected announcement by the Government on proposed reform of the rating system along with details of new regulations for Revaluation 2017.
31st March 2017Last day for appeals against 2010 list assessments.
1st April 20172017 Rating List goes live Check, Challenge, Appeal regime commences.
February 2017Rate bills will be issued for the 2017/2018 rate year.
30th September 2016Draft 2017 rateable values are published online only. These need to be checked for clear factual errors and provide the basis for planning your rates mitigation strategy.
Representations to be made to the VOA in order to influence their valuation approach for properties determined on a non-rentals basis.
November 2015The government’s autumn statement provided little advice on future rating systems – deferred to spring budget March 2016.
1st April 2015Antecent Valuation Date The rental valuation on which new 2017 list assessments will be based.
Winter 2016Announcement on the UBR multiplier for 2017/18 and transitional arrangements.
At this stage budget estimates for FY 17/18 can be provided.
8th July 2016HM Treasury consultation on delivering more frequent revaluations closes.
Contact our rating team:Tel: +44 (0)20 3589 0050Email: [email protected]
Related Documents
