As we approach the end of 2022, less than four months remain on the current 2020 Valuation List, and there are some key dates for Business Ratepayers to be aware of.

• The 2020 Valuation List commenced on 1 April 2020 and closes on 31 March 2023, meaning any successful challenges could secure up to 3 years of refunds for your business.

• The deadline date for registering a challenge to secure refunds on the 2020 Valuation List is 31 March 2023, and there will be no further opportunity to submit a fresh challenge after this date.

• The 1 April 2023 will bring in a General Revaluation in Northern Ireland known as Reval 2023, creating a new rates liability for your business.

As many businesses are faced with a cost of doing business crisis, it is important to look for opportunities to enable business growth, and one area that can put money back into your business is securing a business rates refund. This can be done by challenging the basis of your rates liability set by Land and Property Services. Savings secured can be invested back into your business to support current and future growth.

The opportunity to secure refunds is time-limited, and if left unchallenged, you risk losing potential refunds on your rates bill. So now is an ideal time to review your current rates liabilities before 31 March 2023 and in preparation for the new 2023 Valuation List.

We can guide you through this process to ensure you maximise any savings or reliefs you are entitled to. We do this by undertaking a complete audit of your rates liabilities and the NAV set by Land & Property Services.

At the end of the 2015 Valuation List on 31 March 2020, we submitted appeals on behalf of many Clients and successfully secured back-dated refunds as far back as 1 April 2015.

If this would benefit you or anyone in your network, please do get in touch.

📞: +44 (0) 28 7051 7561 or 📱: +44 (0) 7808 514 643