Rating: Reval 2023 Is Almost Complete
Draft List Outcomes, Market Commentary, Reliefs, UBR and Dealing with the End of the 2017 List
The revaluation will take effect on 1 April 2023. It’s a frenetic time when rating advisors need to advise their clients of their new business rate liabilities. Key aspects to provide such assessments include rateable value, the multiplier, transitional arrangements, and reliefs. This event will look at the outcomes from the 2023 revaluation and the wider package of measures that will take effect on 1st April 2023. How did properties get the value that appears in the Draft List? Hear from the Chief Valuer and his market experts at the VOA and hear from DLUHC on the wider package of measures that will take effect on 1st April 2023.
| Start Date | Venue | Price | |
|---|---|---|---|
| 19 January 2023 | Herbert Smith Freehills LLP, London |
Note: All prices are to be paid in GBP and are subject to VAT at the prevailing rate
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This event will have commentary from the Chief Valuer and his market experts at the Valuation Office Agency on the outcomes from revaluation 2023, the challenges they faced this time around and how they overcame them in collecting the data at the AVD; and undertook valuations reflecting the pandemic. How have values changed between lists, what are the regional and sector variations?
Perhaps of greatest value in attending this event is the commentary, insights and explanations of the outcomes - something that cannot be obtained simply by interrogating the list of values in the List. In addition, this event will look at the wider policy context in delivering the revaluation.
The second part of the afternoon will hear from some leading members of the profession who will have the opportunity to comment on the Draft List values. All of the speakers will join an in depth debate, where issues will be debated and questions from the audience will be addressed.
If you are involved in rating work, this is an event you cannot afford to miss.
Speakers
- Tim Johnson BSc (Hons) MRICS, Senior Director, CBRE; Past President, The Rating Surveyors' Association
- Alan Colston BSc (Hons) MRICS Dip.Rating, Chief Valuer, Valuation Office Agency
- David Alford MRICS Dip.Rating, Lead Specialist for Utilities, Transport & Telecoms, National Valuation Unit - Chief Valuer Group, Valuation Office Agency
- David Grace BSc (Hons) MRICS, Head of Industrial, Commercial and Crown, National Specialists Unit - Chief Valuer Group, Valuation Office Agency
- Nick Cooper, Technical Specialist (Business Rates), Ministry of Housing, Communities & Local Government
- Richard Williamson MRICS BSc (Hons) IRRV (Hons), National Head of Rating, WSP GL Hearn; President of The Rating Surveyors' Association
- Simon Griffin BSc (Hons) MRICS, Rating Director, Jones Lang LaSalle; Immediate Past President of The Rating Surveyors' Association
- Josh Myerson FRICS Dip.Rating IRRV (Hons), Head of Advisory, Montagu Evans LLP; Chair of the Rating Diploma Holders' Section of the RICS
- Blake Penfold BSc FRICS MCIArb, Business Rates Consultant, Blake Penfold Consultancy
Programme
Welcome from the Chair, Tim Johnson
Revaluation 2023 - Outcomes and How They Emerged
- State of the market at AVD - The preparation of new Rating Lists
- Has the methodology changed from previous revals?
- Overview: Where are the hot spots?
- Outcomes and market commentary for the bulk classes:
- Retail
- Offices
- Industrial/Warehouses
- Outcomes and market commentary for non-bulk properties:
- Licensed and Leisure
- Civic properties
- Utilities, transport and telecoms
- What happens before and after the lists go live? Handling enquiries, checks and challenges
- Dealing with errors and omissions – amending the draft List
Other Parts of the Rating Jigsaw for the New List
- Decap
- UBR predictions
- Transition
- Reliefs overview perhaps as part of the strategy
- New/changed regulations
- Recovery Supplement
A View from the Private Sector
- Are the outcomes reflective of the position at the AVD?
- Do the results make sense – any surprises?
- Billing, the UBR, TR and other reliefs
- Planned Changes that will take effect during the life of the 2023 List
Talking Heads Panel Discussion
Closing Remarks followed by a Drinks Reception