ACS: Use Welsh Budget to Commit to More Frequent Revaluations

Alongside ten other business groups, ACS has written to the Welsh Finance Secretary Rebecca Evans AM urging her to consider more frequent revaluations of business rates in Wales.

The joint letter calls for the Welsh Government to bring business rates revaluations forward to every three years rather than every five years to bring the nation in line with proposals in England and Scotland.

The eleven business groups represent a number of sectors including retail, hospitality, commercial property, construction, and leisure.

ACS chief executive James Lowman said: “Local shops operate at the heart of our communities, providing vital day to day services and products to their customers.

“We have seen retailers continue to invest in their stores, but this often means that they are the penalised with higher rates bills as a result. The Welsh Government needs to use this the Budget as an opportunity to introduce more frequent revaluations to help business rates bills flex more closely with the economy.”

The collective call comes ahead of the Welsh Budget which is expected on 19th November.

The full letter is available here.

This entry was posted by Chloe on Tue, 05/11/2019 - 16:27