After a much criticised two-year postponement, the new 2017 rating assessments will finally be available on 30th September 2016.
Six months later, on 1st April 2017, the revaluation of business rates will come into effect based on the value of premises at 1st April 2015. Retailers are particularly anxious about the outcome of the revaluation as their sector was hit hard by the delay. They will have their first indication of the new rates after the Valuation Office Agency (VOA) publishes the draft list at the end of September. This will determine the level at which business rates will be set in April when the list becomes live.