Business rate revaluations take place every 5 years, the last one came into effect from 1 April 2010 and all properties have their rateable values based upon the valuation date of 1 April 2008. The next revaluation is due in 2015.
The revaluation does not raise extra revenue and is designed to reflect changes in the property market across the Country; therefore the total tax liability is redistributed to meet these changes. Whilst some bills may rise and some will fall, legislation means the average national bill will change in line with inflation.
Transitional relief may be available for those ratepayers who are facing the largest increase to their bill. For more information on this, please contact our NNDR team. The email address is nndr@angliarevenues.gov.uk
The new draft rateable values will be sent to ratepayers in October 2009 and will also be made available at www.voa.gov.uk/2010
For further information and any queries regarding the rateable value of your property, please visit http://www.2010.voa.gov.uk/rli/en/basic/find for further information.
