rates revaluation

WITH 75,000 businesses in Northern Ireland receiving their draft valuation of their business rates last week, it was a stark reminder of the need for radical reform of our broken, antiquated, and expensive rating system.

SINCE October 2021, Land & Property Services (LPS) has been working with the business community to gather rental evidence and other information to help assess new values on almost 75,000 non-domestic properties in Northern Ireland.

RETAILERS and hospitality businesses in the north can expect to see huge cuts in their rates bills from April following a revaluation of non-domestic premises conducted by Land & Property Services (LPS).

EACH year rates generate more than £1 billion for health, education, housing, and the range of services delivered by Councils.

BUSINESS rates in Northern Ireland are to be re-evaluated for the second time in just over a year.

LET’S be very clear.

OUR local news has been dominated in recent days with the return of Stormont and business groups have been quick to outline their requirements from the new Executive and appointed ministers.

AFTER three long years,we finally have a working Government back at Stormont.

MANY business owners will have recently opened ‘Rent and Leasing Questionnaires’ received from Land & Property Services (LPS) regarding the 2020 Non-Domestic General Rating Revaluation.

COMMERCIAL property occupiers have been urged to provide accurate information to ensure to receive the correct rates valuation.