Rating Revaluation

2017 Rating Revaluation

‘Check and  Challenge’ Appeal

Please note that there is a new way to review your rating assessment that is being introduced from 1 April 2017. It will only apply to appeals against the 2017 rateable value. Appeals against 2010 rateable values that apply until 31 March 2017 must be made by completing a proposal on-line.

You can click, find and review your rateable value on the VOA’s website.  If you have reason to believe that your 2017 rateable value is not correct, follow the instructions provided on the site.  You will need to do the following (not available until 1 April 2017):

  • Check - review and confirm the facts about your property held by the VOA
  • Challenge – once the facts are established, explain why you believe your valuation is wrong.

An appeal on your 2017 rateable value is not possible, and may not be necessary, until you have completed Check and Challenge

Roles and responsibilities?

The Valuation Office Agency (VOA), an agency of HM Revenue & Customs sets the rateable value of business premises by using property details such as rental information. We use the rateable value and the business rates multiplier (set by central government) to calculate your business rates bill.

What are business rates?

Business rates is a local tax that is paid by the occupiers of all business properties, in the same way that council tax is a tax on domestic property. Business rates are charged on most business properties, such as shops: offices, pubs, workshops, warehouses and factories. However, the property doesn't have to be used for a business; if it is used for purposes which are not domestic, it is likely to be rateable

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What is the Rateable Value?

The rateable value is assessed by the VOA. In simple terms, a business property's rateable value is an assessment of the annual open market rent the property would rent for if it were available to let on the open market at a fixed valuation date, and disregards incentives that may be offered such as long rent free periods or a rent set below the current market rent

  • Until 31st March 2017, the rateable values will be based on a valuation date of 1st April 2008.
  • From 1st April 2017, the rateable values will be based on the valuation date of 1st April 2015.

If you think your rateable value is incorrect, you can find and view your property details here: Check your Rateable Value

What is a revaluation?

The VOA regularly reassess and update the rateable values of all business properties, usually every five years. This is called a Revaluation. This 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.

How can I find out more?

For more information on the 2017 Revaluation, rateable values, and business rates go to Find and check your business rates valuation . You can also estimate your business rates bill, including any small business rate relief the local council may apply.