Land & Property Services (LPS) has today released draft valuations of all 74,000 businesses in Northern Ireland.
Known as Reval2020 – this process will result in a new non-domestic Valuation List being used to calculate business rate bills from April 2020. This process is about restoring fairness in the rating system by redistributing basically the same rating burden using more up-to-date values. A revaluation is not about collecting more money from businesses, but it is about ensuring that everyone pays their fair share.
