Revaluation of non-domestic rates
Land & Property Services (LPS) is revaluing all non-domestic properties in Northern Ireland for rates. A new Valuation List will come in to effect on 1 April 2020 based on rental values as at 1 April 2018.
Land & Property Services (LPS), part of the Department of Finance, is contacting business ratepayers week commencing 23rd April to collect rental data for the non-domestic rates revaluation - Reval2020.
Business ratepayers and their advisors in Northern Ireland are obliged to provide rental evidence to LPS with a view to preparing a new Valuation List for use from April 2020.
Letters explaining how ratepayers can submit information are being sent to occupiers of commercial premises. LPS will use this information to analyse and interpret the current market and assess the rental value of each and every rateable property, which then will be used to calculate individual business rate bills from 1 April 2020.
More information is available at www.finance-ni.gov.uk/reval-2020-ni
Download the general factsheet below.
- General Fact-sheet about Reval2020 (pdf 228 KB)