3. Revaluation
Revaluation adjusts the value of business rates to reflect changes in the property market.
It usually happens every 5 years. The most recent revaluation in England and Wales was 1 April 2010.
The next revaluations will be in:
- 2017 in England, Scotland and Wales
- 2015 in Northern Ireland
At revaluation, the multipliers (poundages in Scotland) are revised so that the overall national business rates bill only changes in line with inflation.
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.
Find your 2010 valuation:
- in England or Wales on the VOA website
- in Scotland on the Scottish Assessors Association website
