Intention to follow measures surrounding the valuations assumptions when considering rating proposals was indicated recently by Welsh Government.
A technical consultation has now been launched on proposed Valuation for Rating (Coronavirus) (Wales) Regulations 2021 - responses on revised valuation assumptions for MCCs (to ignore) the impact of Covid-19 trading conditions and restrictions responses by 27 September 2021. It broadly mirrors proposals already before Parliament on measures to be introduced in England.
For further information please contact
Andrew Hetherton MRICS IRRV (Hons) Cert Ed
Andrew Hetherton Consulting Ltd