Check your business rates valuation
Find out what the valuation means for you
If you own or occupy business premises you should check the details of your business rates valuation as soon as you receive it, to ensure you pay the right amount of business rates. The valuations will be sent out to all business and non-domestic property in England and Wales during October by the Valuation Office Agency (VOA) and will be used by local councils to calculate next year's business rates bills.
The VOA has carried out its five-yearly revaluation of all rateable values - this keeps the business rates system in England and Wales fair and up-to-date, ensuring that it reflects changes in the market. The new valuations, which are effective from 1 April 2010, clearly show the details of the business property, whether it is a shop, an office or a warehouse, including the number of rooms, their description and size, and the value applied to each area. For pubs, and other licensed property, the valuation will show the levels of fair maintainable trade, instead of floor space.
About VOA
The VOA is responsible for giving a rateable value to all business and non-domestic property in England and Wales. Local councils use rateable values to work out business rate bills. The VOA reviews the rateable values every five years to maintain fairness in the business rates system. The VOA is an executive agency of HM Revenue & Customs.
Business Link resources
Find out more information in our guide on business rates.
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