Non-Domestic Rating – Revaluation 2023

All non-domestic properties, other than those excluded by legislation, will be revalued on 1 April 2023. This means that the fourteen Assessors across Scotland will set new Net Annual and Rateable Values for all such non-domestic properties in their areas based on rental levels as at 1 April 2022. This is the first non-domestic revaluation since 1 April 2017, with revaluations scheduled to take place every three years following the forthcoming revaluation on 1 April 2023.

 

The combined draft Valuation Rolls will be published at the Scottish Assessors Association’s website (www.saa.gov.uk) on 30^th November 2022. Draft valuation notices will be issued to proprietor/tenant/occupiers following the publication of the draft roll showing the Net Annual and Rateable Value provisionally set to take effect from 1 April 2023 for each property. The draft valuation notice is not a rates bill and the value may change prior to the final Valuation Roll being published on 1 April 2023. A final valuation notice will be issued in March 2023 and this will contain the final Rateable Value that non-domestic rates bills will be based on.

 

The draft valuation notice contains information on how to make contact with the Assessor’s office should this be required.

 

Non-domestic rates bills are sent by the relevant billing authority who will use the final Rateable Value to arrive at the bill for the financial year 2023/24. Bills are calculated by multiplying the Rateable Value by a rate set by the Scottish Government known as the ‘poundage’. Information on billing and reliefs can be found at www.gov.scot/policies/local-government/non-domestic-rates/