Business Rates Revaluation

The Valuation Office Agency of the Inland Revenue has a legal duty to review the Rateable Value of all non-domestic property in England and Wales every five years. Regular revaluations are important to ensure that Rateable Values are up to date and take into account changes in the property market. The latest revaluation came into effect on 1st April 2010. The 2010 Rating List is now available at the Council Offices for businesses to inspect and check their new Rateable Value.

The new Rateable Values may also be viewed on the Valuation Office Agency's website at www.voa.gov.uk Opens in a new window. Most ratepayers will, by now, have already received notification of the new Rateable Value of their property in the form of a Summary Valuation. The Summary Valuation shows a breakdown of how the Rateable Value has been calculated based on the characteristics of the property.