3. Revaluation

At revaluation, the government adjusts the value of business rates to reflect changes in the property market.

It usually happens every 5 years. The most recent revaluation came into effect in England and Wales on 1 April 2010, based on rateable values from 1 April 2008.

The next revaluations will be in 2017 in England, Scotland and Wales. There’s no date set for Northern Ireland.

What happens at revaluation

At revaluation:

This means that a change in your rateable value doesn’t always mean a change in your bill.

To make sure your valuations are accurate, you may need to give the Valuation Office Agency (VOA) or your assessor up-to-date rental evidence for your property at revaluation.

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