The Northern Ireland Assembly have announced that the 2015 rating revaluation in Northern Ireland is to continue. In a press release they confirm that
‘Members may be aware that the UK Government announced earlier this month that the non-domestic revaluation in England, planned originally for 2015 also, is now postponed until 2017.
The circumstances in England, however, are markedly different to Northern Ireland – they have completed two full revaluations since we last did ours in 2003. Charging businesses a local tax based on old rental values is not fair, even though ……. some bills will go up, and some bills will go down after the job is done in 2015. So, the exercise is going ahead.”
The exercise is much smaller in Northern Ireland, there being on 72,000 non-domestic properties that will be affected. The rating burden will be redistributed from April 2015, based on these more up to date valuations.
Meanwhile, in England, the Growth and Infrastructure bill is proceeding to its Committee Stage in the House of Commons, with further meetings timetabled for 29th November, 4th December and 6th December.
For further information please contact Howard Elliott.
26th November 2012