News

REVAL 2020

29 November 2019

Reval 2020

Land and Property Services (LPS) is about to publish new rating valuations for all hotels in Northern Ireland.

It is important that Members are aware of what this involves and how their rates are calculated. The following link is for the current Hotel Scheme, last used for the 2015 revaluation:

https://www.finance-ni.gov.uk/sites/default/files/publications/dfp/Hotels%20scheme.pdf 

This can be used as the basis to work out your own NAV using your turnover and grading. Once you have the NAV this needs to be multiplied by the Poundage for your Council area. You can find details of this in the following link:

https://www.finance-ni.gov.uk/articles/poundages-2019-2020

For further advice and support in relation to this or any other topic, please contact the office on 028 9077 6635. 

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