How business rates are calculated

Revaluation

What is revaluation?

The Valuation Office Agency (VOA) regularly updates the rateable values of all business and other non-domestic properties (properties that are not just private homes) in England and Wales. This is called a revaluation.   

Revaluations are carried out to reflect changes in the property market, which means that business rates bills are based on more up-to-date information. 

The next revaluation will come into effect on 1 April 2023. 

When will I receive my business rates bill?

You will now be able to see the future rateable value for your property and get an estimate of what your business rates bill may be from 1 April 2023.

You can do this through the VOA’s Find a Business Rates Valuation Service on the Gov.UK website.