Reforming Non-Domestic Rates in Wales
1. Enabling more frequent revaluations
Page 1 of 8
Q1. Do you agree revaluations should occur at least every three years in future, to maintain fairness in the system by ensuring valuations are updated more often to reflect changing economic conditions? What are your reasons for your answer?
Q2. Do you think revaluations should occur more frequently than every three years? If so, how often would you suggest?
Q3. Do you think the gap between the antecedent valuation date and the revaluation taking effect should be less than two years, if possible, in future?
Q4. Do you have any views on the proposals to create a duty on ratepayers to inform the VOA if certain information relating to the hereditament changes, and the new duty to provide annual confirmation to support more frequent revaluation and the maintenance of accurate rating lists?
Q5. Do you have any views on the proposals for a proportionate compliance regime to support the duty to provide information? In particular, do you consider the proposed penalties to be fair and proportionate?
Q6. Do the proposed timescales provide ratepayers with enough time to meet their obligations? If not, under what circumstances would this not be possible?