Rating Manual section 2: maintaining the rating list

Part 5: appendix 6: effective dates - 2017 lists Wales

The Valuation Office Agency's (VOA) technical manual for the rating of business (non-domestic) property.

Circumstances of alteration

Effective Date

Correction of compiled list entry resulting in a reduction

1 April 2017

Correction of compiled list entry resulting in an increase

Date list is altered

Alteration due to material change of circumstances (MCC)

Date of event (1)

Split, merger or reconstitution

Date of event

Deletion

Date of event

Correction of earlier list alteration resulting in a reduction

Date applicable to earlier alteration

Correction of earlier list alteration resulting in an increase

Date list is altered

Correction in consequence of a VT/UT/Higher Court decision in respect of another hereditament

Date of Event

Correction of effective date of earlier alteration

Correct date applicable to earlier alteration (2)

Correcting the effective date of a new entry

Date of Event (3)

New entry without Completion Notice

Date of Event

New entry where Completion Notice is served

Date specified in the Notice or agreed or determined on appeal against the Completion Notice

Alteration due to all or part becoming or ceasing to be domestic or exempt since 1 April 2017

Date of event

Alteration of only the address, description or other item required to be shown in the rating list

Date of event

Note

  1. Subject to further intervening MCC’s – all MCC’s existing on the day the proposal is served must be reflected with effect from the date of the latest MCC.

  2. Where the adoption of the correct effective date would result in the RV being increased from a date earlier than the original alteration, the list cannot be altered as this is effectively an increase arising from the correction of an earlier alteration

  3. Correcting the effective date of a new entry to the list, should always be to the ‘day of event’