What is a revaluation?

A revaluation is the review of the rateable values of all business and other nondomestic property in England at a particular point in time. They are performed to maintain fairness in the system by redistributing the total amount payable in business rates, reflecting changes in the property market. 

A property’s business rates bill is based on a precise estimate of the premises’ rental value. Business rate bills are calculated using specific valuation methods. It is important for rateable values to be regularly updated through revaluations to ensure bills stay accurate.  

2023 Revaluation 

In response to the uncertainty caused by the Covid-19 pandemic, the revaluation scheduled for 2021 was postponed. The Valuation Office Agency are now collecting rental information is preparation for the 2023 Revaluation, and it is important to submit your rental information now to make sure your future business rates are accurate. 

Submit your property information to the Valuation Office using the links in our 'Get Ready For Revaluation' leaflet

Can I appeal against my property’s valuation?

The Valuation Office Agency (VOA) values all business properties for business rates.  The valuation is based on information the VOA holds about your property. You can view and update this information via the VOA website.

Finding your rateable value 

You are now able to see the future rateable value for your property and get an estimate of what your 2023/24 business rates bill may be. You can do this through the

VOA’s Find a Business Rates Valuation Service on GOV.UK. 

Your property details need changing 

To tell the VOA about changes to your property details (such as floor area sizes and parking) you need a business rates valuation account. The VOA may accept your changes and update the current and future valuations.

Sign in or register for a business rates valuation account 

You think your rateable value is too high 

From 1 April 2023, you will need to use a business rates valuation account to tell the VOA you think your rateable value is too high. You must continue to pay your business rates as normal until a decision has been made.

Sign in or register for a business rates valuation account ready for 1 April 2023.

VOA contact details

You can contact the VOA online or if you are unable to use the online service, you can also contact the VOA on 03000 501 501.