Business rates revaluation
From the 1 April 2017, the Valuation Office Agency (VOA) is updating the rateable value of all business properties. This is known as revaluation.
You can find your rateable value and let the VOA know if any information is incorrect before we use it to calculate your business rates bill next April 2017. To do this please:
- Visit find my business rates valuation page on Gov.uk website
- Visit correct your business rates valuation page of Gov.uk website
Rateable value assessment
A property’s rateable value is assessed by the VOA and is how much the property would rent for if it were available to let on the open market at a fixed valuation date.
- Until 31 March 2017, the rateable values will be based on a valuation date of 1 April 2008
- From 1 April 2017 the rateable values will be based on the valuation date of 1 April 2015
VOA’s revaluation process
The VOA reassess and update the rateable values of business properties in England and Wales every 5 years and it’s called a revaluation. They do this to maintain fairness in the system by redistributing the total amount payable in business rates, reflecting changes in the property market. Revaluation does not raise extra revenue overall. For more information please:
Check your business' rateable value
If you think your rateable value is incorrect please find and correct your property details by: