ODPM publishes final proposals for new revaluation system
The ODPM has published final proposals for a new revaluation system designed to rebalance the disproportionate rate burdens on small firms. They follow a summer consultation on small business rate relief and explain the multipliers that will be used to calculate rate bills and explains the arrangements for business rate relief schemes. The new system will come into force next April. For further information, visit www.odpm.gov.uk.