Businesses are urged to complete a rates revaluation questionnaire that will be used to calculate business rates from April 2026.
The Department of Finance is undergoing an exercise, called Reval 2026, which will revalue non-domestic rates that will help to inform rate bills from April 2026. Businesses throughout Northern Ireland should have received a Reval 2026 letter inviting them to submit rental and other market evidence to Land & Property Services (LPS).
What is the purpose of Reval 2026?
The information gathered from businesses through the rent and lease questionnaire as part of the Reval 2026 exercise will contribute to the creation of a new non-domestic valuation list which will be used for the calculation of business rates from April 2026.
It is necessary to periodically revalue all non-domestic properties. The last revaluation took place in 2023 using 1 October 2021 rental values. Reval 2026 will be based on an estimate of rental values on 1 April 2024.
Submit your information
Businesses in Northern Ireland are urged to complete and return the rent and lease questionnaire as soon as they can. Businesses will have received an online code in the post or via email to enable them to submit their information online.
The deadline for completing the questionnaire has been extended until Saturday 31 August 2024.
Complete the Reval 2026 rent and lease questionnaire.
Source: nibusinessinfo
