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Business rates revaluation 2017

Business rates revaluation 2017

From 1 April 2017, the Valuation Office Agency (VOA) is updating the rateable value of all business properties. This is known as a revaluation.

The VOA generally reassesses all rateable values in England and Wales every five years, based on their open market rental value on a fixed date, although the last revaluation was in 2010. The next revaluation will be based on rental values on 1 April 2015. Rateable values are used by councils to calculate your business rates bill.

Revaluation is done 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.

The VOA uses a wide range of property information, rental and other evidence to compare values across similar types of properties in order to set the rateable value.

Find out more at: www.gov.uk/voa/revaluation or see our frequently asked questions below.

Supporting small business relief scheme 

The government has announced measures to support public houses, and businesses affected by the loss of Small Business Rate Relief and Rural Rate Relief. Find out more here.



Go to: www.gov.uk/voa/revaluation

You can look up your property by postcode and send in suggested amendments.

The VOA look at many rents in an area before deciding on the right rateable value for each property. Rents can vary between properties in an area, even if the properties are similar and the rents are agreed at the same time. This is because landlords and tenants often have different views on the rental value of a property and sometimes there are special lease terms that can affect the rent paid. 

Find out more here: www.gov.uk/introduction-to-business-rates/how-your-rates-are-calculated.

The VOA does not publish this information online, as that would breach the Data Protection Act.

Call the VOA on 03000 501 501 to request this information.

The VOA doesn't remove properties from the tating list just because the business has closed. It is more than likely that if the property still exists it may still be rateable.

Find out more here: www.gov.uk/introduction-to-business-rates  

Go to: www.gov.uk/guidance/repair-and-rateable-value  so you can consider whether you should make a proposal – depending on state of disrepair.

Find out about small business rates relief here: www.gov.uk/apply-for-business-rate-relief.

The VOA uses zoning to measure retail premises. This is a standard method of measuring retail premises for valuation purposes. 

Find out more here: www.gov.uk/guidance/measuring-property-for-rating-purposes

Go to: www.gov.uk/voa/revaluation

You can look up your property by postcode and send in suggested amendments to the measurements.

Once the new rateable values come into effect on 1 April 2017 you will be able to make a formal challenge. You can find out more about the appeals process, including the reforms the Government has proposed here: www.gov.uk/guidance/how-to-appeal-your-rateable-value

Go to www.gov.uk/voa/revaluation where you can look up your property by postcode and submit an appeal against the 2010 valuation.

If the address details listed on www.gov.uk/voa/revaluation do not match the used address, you can submit a request to amend it online. 

If there are factual concerns about the draft rateable value, you can raise these with the VOA through www.gov.uk/voa/revaluation

You don’t usually have to pay business rates for home-based businesses if you:

  • use a small part of your home for your business, for example you use a bedroom as an office
  • sell goods by post.

Find out more here: www.gov.uk/introduction-to-business-rates/working-at-home

Businesses without access to the internet can find out about their draft rateable value and get advice from the VOA by calling 03000 501 501 (in England).


Last updated on 02 November 2017