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 is updating the rateable value of all business properties. The revaluation will be 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.
Availability of the draft rateable value
On 30 September 2016 the VOA will be publishing over 1.9 million draft rateable values online.
The VOA will be updating their online service as soon as the details of the Uniform Business Rate and any transitional relief is available so ratepayers will be able to quickly find their property and get an estimate of their 2017-18 bills – to enable ratepayers to start planning for next year. It will take ratepayers a couple of minutes to find and review their rateable value online.
What you need to do
- Visit the Valuation Office Agency website to view your draft rateable value after 30 September 2016.
- 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 VOA to update their records.
What you need to know
To make sure that the new rateable values are accurate and consistent, the VOA uses property information and rental evidence.
Bournemouth Borough Council will use this rateable value to calculate your Business Rate bill from 1 April 2017.
You can get an estimate of your 2017-18 bill online. For more information, visit the Valuation Office Agency website.