Business rates revaluation 2017
Find out about the updated rateable values for business properties.
Your premises will be given a rateable value by the Valuation Office Agency (VOA) which we use to calculate how much you should pay.
From 1 April 2017, the rateable values will be based on the valuation date of 1 April 2015.
The 2010 rateable values are based on the 1 April 2008 valuation date.
You can find and check your business rates valuation on GOV.UK to make sure all your property information held by the VOA is correct.
What revaluation is
The VOA regularly reassesses and updates the rateable values of all business properties, usually every five years.
This helps maintain fairness in the rating system by updating valuations in line with changes in the property market
For more information on the 2017 revaluation, rateable values and business rates see revaluation of business rates on GOV.UK.
Transition and revaluation
Transition, if applicable, limits how much your bill can change each year as a result of revaluation, so that changes to your bill are phased in gradually.
How much your bill can change by from one year to the next depends on both:
- your property’s rateable value
- if your bill is increasing or decreasing as a result of revaluation
We will adjust your bill automatically if you’re eligible. Transition is calculated as follows: