“The Valuation Office Agency (VOA) is in the process of updating the rateable values of all business properties. This is known as a revaluation. If you register your email details with us now we will email you when the draft rateable values are available to view on gov.uk in October 2016.
- Register your email at www.gov.uk/voa/revaluation
Rateable values are used by local councils to calculate business rates, and business rates bills will be calculated using the new rateable values from 1 April 2017.”
As this process may have significant cost implications it may be worthwhile to take an in-depth look at your present business rate criteria to ensure that come 1 April next year, the VOA’s reassessment does not result in incorrect, and possibly increased, business rate bills.