Businesses urged to complete the online questionnaire to collect rental data for the non-domestic rates revaluation
Known as Reval2020, Land & Property Services (LPS) has confirmed that the online questionnaire to collect rental data for the non-domestic rates revaluation will close at midnight on Sunday 14 October.
LPS is now urging those businesses that have not yet responded to return their rental data via the Reval 2020 portal by 14 October at the latest to ensure their future business rates are based on correct information.
Revised business rate values
Business ratepayers and their advisors in Northern Ireland are required to provide rental and other evidence to LPS with a view to preparing a new valuation list, with the majority of ratepayers submitting their details online. LPS is using this information in analysing the current market and assessing the rental value of every rateable property, which then will be used to calculate business rate bills from 1 April 2020. LPS will publish draft business rate values online in the autumn of 2019.