A new Bill going through the Senedd could establish a five-yearly cycle of council tax revaluations, while increasing the frequency of non-domestic rates (business rates) revaluations from five to every three years.
The Local Government Finance (Wales) Bill was introduced into the Senedd on 20 November 2023.
The Bill would also replace the current duty to publish information on council tax changes in newspapers to a requirement to publish electronically, and would place additional requirements on ratepayers to provide certain information to the Valuation Office Agency (VOA). Failure to comply with the new rules for ratepayers could lead to a civil penalty, or even a criminal offence where a ratepayer has knowingly provided false information.
You can find more Senedd Research publications about the Bill on this resource page, which will be updated as the Bill progresses.
Article by Osian Bowyer, Senedd Research, Welsh Parliament