At revaluation, the Valuation Office Agency (VOA) adjusts the rateable value of business properties 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 revaluation comes into effect on 1 April 2017. You can search for your property to check your valuation and estimate your business rates.
What happens 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 VOA up-to-date rental evidence for your property at revaluation.
If the business rates of your property in England change by more than a certain amount, you’ll get transitional relief so that changes to your bill are phased in gradually.