At revaluation, the Valuation Office Agency (VOA) updates the rateable value of business properties to reflect changes in the property market.

The most recent revaluation came into effect in England and Wales on 1 April 2023, based on rateable values from 1 April 2021.

You can find your business rates valuation online.

Business rates are handled differently if your property is in Scotland or your property is in Northern Ireland.

What happens at revaluation

At revaluation:

This means that a change in your rateable value does not always mean a change in your bill.

To make sure your valuations are accurate, the VOA may ask you for rent and lease details for your property.

Get business rates relief

You may be able to get a discount from your local council if you’re eligible for business rates relief.

For example you may be able to get: