Business Rates

Every five years, the Valuation Office Agency has a statutory duty to carry out a revaluation of all rateable values in England and Wales, which ensures that they reflect changes in the property market.

The next revaluation is due to come into effect on 1 April 2010 and all properties will have their rateable value assessed on the valuation date of 1 April 2008. 

The new rateable values that will come into effect on 1 April 2010 will all be based on market rental values at 1 April 2008, and will remain effective for five years, unless changes to the property require a new assessment to be made, which affects the rateable value.

The Valuation Office Agency is keen to build on the improvements made when the last revaluation for 2005 was done.

The Valuation Office Agency will continue to focus its attention on ensuring that valuations are right first time; on being open and transparent in the way they work; and on providing ratepayers with the information they need, when they need it, to be confident that they are being treated fairly.

The worked needed for the 2010 revaluation is already well underway  for the 2010 revaluation. 

A leaflet setting out details of the revaluation process will be issued with your 2010/2011 rates bill in early March 2009.

The Valuation Office Agency website has more information about the revaluation process.

You can also contact them via a helpline on 0845 602 2010.

Page Updated: 30/09/2009 21:53