A Bill to reform the local tax system in Wales, including non-domestic rates and council tax, has today (16 July 2024) been passed by the Senedd.
The Local Government Finance (Wales) Bill establishes a series of changes to improve the tax systems. It will make them fairer and work better for the future needs of Wales, by ensuring local taxes reflect economic circumstances more regularly.
For non-domestic rates (also known as business rates), the Bill will:
- increase how often the values of all non-domestic properties in Wales are updated, to once every three years
- provide more flexibility to make changes to reliefs and exemptions
- enable changes to the calculation of payments for different categories of ratepayers
- close known tax avoidance arrangements and increase the ability to tackle future avoidance in a more responsive way
- enable improvements to the information provided by ratepayers.
For further information please select the following link: Senedd passes Bill to reform local tax system in Wales | GOV.WALES
Business Rates in Wales
Non-Domestic Rates (NDR) are also known as business rates and are taxes to help pay for local services. These are charges on most non domestic properties: Business Rates in Wales | Business Wales (gov.wales)