Find out about the rateable values for business properties.

Your premises are  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 are 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 Go to https://www.gov.uk/correct-your-business-rates (opens new window) to make sure all your property information held by the VOA is correct.

The next revaluation is due to take place on 1 April 2023, based on the valuation date of 1 April 2021.

The VOA is contacting businesses to request rental information to support the next revaluation of business rates in England and Wales: Revaluation 2023.

If you receive a request, complete and submit your up-to-date details. It's important to provide this information to ensure business rates are fair and accurate. Find more information on providing rental information for Revaluation 2023 (GOV.UK) Go to https://www.gov.uk/government/news/providing-rental-information-for-revaluation-2023 (opens new window).

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 Go to https://www.gov.uk/guidance/revaluation-of-business-rates (opens new window).

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 propertys rateable value
  • if your bill is increasing or decreasing as a result of revaluation

We will adjust your bill automatically if youre eligible. Transition is calculated as follows:

You can find more information and contact the VOA at GOV.UK

If you're unable to use the online service you can also contact the VOA on 03000 501 501.

Extension of transitional relief

The government announced that it will extend the current transitional relief scheme, from April 2022 for one year only.

If you would have received transition relief, the scheme will restrict increases in bills to:

  • 15% for businesses with small properties, up to and including £20,000 rateable value
  • 25% for medium properties, up to and including £100,000 rateable value

In line with the existing thresholds in the transitional relief scheme, the £100,000 rateable value threshold should be based on the rateable value shown for 1 April 2017 or the substituted day in the cases of splits and mergers.

This applies to upward transition only.