The next non-domestic rates revaluation in Wales will take effect in 2023 and will be based on property values as at 1 April 2021.

Postponing the revaluation to 2023 will mean that the rateable values on which rates bills are based will better reflect the impact of COVID-19. The change will also mean that the next revaluation in Wales takes effect at the same time as that in England, ensuring businesses and other ratepayers in Wales are not placed at a disadvantage compared to those elsewhere.

Copy of the written statement is available on the link below:

https://gov.wales/written-statement-non-domestic-rates-revaluation-wales

About Eirlys Jones

Eirlys is the Head of Operations at North Wales Tourism and can be contacted at eirlys.jones@nwt.co.uk or connect with her on LinkedIn you can also follow her on Twitter @EirlysJones5