Carousel_Arrow Chat icon_cookie IHT_trust_wills IR35 Combined Shape 2 Group 10 Login Mobile Menu Share Share Email SubMenuMobile Group 9 VAT View_Gallery View_List capital_allow Triangle 2 Copy Close construction cyberpro employment_tax_shares emplyer_solutions entrepreneurs_corps fee_protect Group 7 grant_fund Group i_Clock i_Consult i_Done i_Eligibility_Tick i_Enter i_Filter i_HMRC i_Negative i_Play i_Plus i_Reset i_Support_Legal i_Support_TaxDesk i_Support_VAT i_Tick noun_marketing_1872083 noun_online_2126759 i_download i_meet Group Copy 24 Group 18 noun_electrical_1240755 copy noun_Technology_2125422 noun_Science_2031115 i_tick_bullet_block international_tax patent_box private_client property_sdlt r_and_d reliefs_incentives Search specialist_tax status tax_indemnity valuation YouTube
Markel Tax

13 Mar 2018

Business rates: delivering more frequent revaluations

Business rates are an annual tax on non-residential property.

The amount of business rates is determined by its rate-able value, which is estimated at the open market rental value of the property at a set date. In 2017 Autumn Budget, the Government announced that it would increase the frequency of the revaluation cycle to every three years. In the Spring Statement, it was announced that the next revaluation rate will be brought forward by one year to 2021, 4 years after the last revaluation, so that ratepayers can benefit from three-year revaluations earlier. The revaluation will be based on market rental values of properties at 1 April 2019.
Next article in series

13 Mar 2018

Tackling the Plastic Problem

The Prime Minister launched a 25 year Environment Plan in January 2018 including a pledge to eradicate all avoidable plastic waste by 2042.

Receive your regular Markel round-up

Sign up to our monthly newsletter

Security code

Strategic partners

  • Tolleys
  • Institute of Financial Accountants
  • BTC Software
  • Lovell Consulting