§ Mr. SquireTo ask the Secretary of State for the Environment what will be the valuation date for the 1995 non-domestic revaluation.
§ Mr. HeseltineThe next non-domestic property revaluation is due to come into force from 1 April 1995.
I propose that the antecedent date, that is the common valuation date, for the 1995 revaluation will be 1 April 1993 and I will be laying the necessary regulations in due course. My decision will provide certainty for businesses and will allow adequate time for the assessment work to be carried out.