03 Jun 2020

Business rates revaluation postponed in Wales

Bira has welcomed the decision by the Welsh Government to delay the revaluation of business rates. 

The announcement follows a similar ruling made in England on May 6, which saw the Government scrap a bill to revaluate business rates in 2021.

The decision to postpone the revaluation in England, made following pressure from Bira and Altus Group, will help reduce uncertainty for firms affected by the impact of Covid-19.

Following the decision to do the same in Wales, Andrew Goodacre, Bira's CEO, said: "We are delighted with this common sense decision, following the lead set by the UK Government.

"Rates can only be reassessed once we understand the impact in rental values following Covid-19."

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