The recent storm over business rates centres on the upcoming revaluation of commercial properties, which comes into effect on 1st April 2017. It is the first revaluation since 1st April 2010. and the valuation practice itself has changed in the wake of a 2015 judgement by the Supreme Court. Combined with changes to reliefs, some ratepayers’ bills are set to change significantly.
Today (Monday), the TaxPayers' Alliance publishes a briefing note explaining the changes, how they will impact on taxpayers and what can be done to avoid controversy in the future.