Revaluation 2017

From the 1 April 2017, the VOA is updating the rateable value of all business properties. Find out more

The Valuation Office Agency (VOA), an Executive Agency of HMRC, is responsible for assessing all rateable values across England and Wales.

From the 1 April 2017, the VOA has updated the rateable value of all business properties. The revaluation has been based on rental values on 1 April 2015 and will reflect changes in the property market across England and Wales since 2008.

Revaluation is done to maintain fairness in the system by redistributing the total amount payable in business rates, reflecting changes in the property market.

Check your rateable value

  • Visit the Valuation Office Agency website to view your rateable value from 1 April 2017. 
  • Find your property by postcode or address
  • Review the information to make sure all your property information held by the VOA is correct

It will only take a few minutes to do this.

If you think the information held about your property is incorrect, ask the Valuation Office Agency to update their records.

 

Spring Statement 2018

1. At the Spring Statement on 13 March 2018, the Chancellor announced that the next business rates revaluation would be brought forward one year to 2021. Following the previous announcement on more frequent revaluations, this means that three-yearly revaluations will take effect in 2024. 

2. The Government has now also published a summary of responses to the discussion paper on more frequent revaluations, which can be found on the gov.uk website

3. To bring forward the next revaluation to 2021, the Government will shortly introduce secondary legislation to set the valuation date for the next revaluation at 1 April 2019. This will allow the VOA to start preparing for a 2021 revaluation. The Government intends to bring forward primary legislation to change the date of the next revaluation to 2021 in due course.