At revaluation the Government adjusts the value of business rates to reflect changes in the property market. This generally happens every five years.
The Valuation Office Agency (VOA), an agency of Her Majesty's Revenues and Customs, set the rateable value (RV) for each non-domestic property.
The rateable value broadly represents the yearly rent that the property could have been let for on the open market on a particular date.
For the revaluation coming into effect on 1 April 2017 the date for the yearly rent that the property could have been let for will be set as April 2015.
If you are liable to pay business rates in the borough it is likely that you will be affected by this.
You should find and check your draft rateable value, as this will be used to calculate your business rates bill for 2017/18.
If you think it is incorrect you can appeal against it.
Please note: we cannot change your draft rateable value if you think it is wrong. If you have any queries please contact the Valuation Office Agency.