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: