Non-Domestic Revaluation – Publication Of Draft Valuation Roll

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.

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.

Many north-east companies are anticipating an easing of the "overinflated" bills they have had to suffer since 2017.
Assessors across Scotland will today issue draft rateable values for non-domestic properties in their areas based on rental levels on April 1, 2022. Then, at the Scottish Budget on December 15, Finance Secretary John Swinney will announce the rates poundage for 2023/4. The rateable value of each property is multiplied by the rates poundage to arrive at the actual rates payable on the building.

Where to find your new rates bill.

The combined draft valuation rolls will be published today on the Scottish Assessors Association's website - www.saa.gov.uk