The Valuation Roll
Non-Domestic Revaluation – publication of draft valuation roll on 30th November 2022
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 30th 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/.
Assessors are responsible for revaluing all non-domestic subjects usually every five years. The last revaluation was on 1 April 2017. The values that are set then would normally remain the same unless the entry has been altered or other changes are made. The next revaluation is due on 1 April 2023 when it is expected that Revaluations will occur more frequently.
There is a legal definition of a Rateable Value (RV), however broadly speaking, it represents an estimate of the annual rental value of a subject at a given point in time which is known as the tone date.
More information about rateable values can be found on the Scottish Assessors’ Association website www.saa.gov.uk.
Licensing of Self Catering Units
Recent proposed changes to the licensing of self-catering units and the introduction of a short-term let control zone in Edinburgh, are currently out with the remit of the LVJB. The current Edinburgh Council guidelines for owners of self-catering units can be found here on their website.
This information should be updated in due course, to reflect these changes.