The Valuation Office Agent (VOA) set the rateable value of business premises by using property information such as rental information. We use the rateable value and business rates multiplier (set by central government) to calculate your business rates bill.
What is Revaluation?
The VOA regularly reassess and update the rateable values of all business properties usually every five years. This is called Revaluation. This is done to maintain fairness in the system by redistributing the total amount payable (nationally) in business rates, reflecting the changes in the property market. Revaluation does not raise extra revenue overall.
From 30 September 2016, the VOA will be publishing draft 2017 rateable values online.
How can I find out more?
More information on the 2017 Revaluation, rateable values and business rates can be found on the Valuation Office website.