Information on Coronavirus

Revaluation 2017

What are Business Rates?

Business Rates is a local tax that is paid by the occupiers of all non- domestic properties.

Business Rates are charged on most business properties such as shops, offices, pubs, warehouses and factories. However, the property doesn't have to be used for a business - if it is used for purposes which are not domestic it is likely to be rateable.

Roles and responsibilities?

The Valuation Office Agency (VOA) set the rateable value of all business premises by using property details such as rental information.

We use the rateable value and the business rate multipliers (set by central government) to calculate your bill.

What is the Rateable Value?

The rateable value is assessed by the VOA, which is an agency of HM Revenue and Customs (HMRC).

A property's rateable value is an assessment of the annual rent the property would rent for if it were available to let on the open market at a fixed valuation date

  • Until 31 March 2017, the rateable values will be based on a valuation date of 1 April 2008.
  • From 1 April 2017, the rateable values will be based on the valuation date of 1 April 2015.

If you think your rateable value is incorrect, you can find and view your property details on the VOA website.

What is a revaluation?

The VOA regularly reassess and updates the rateable value of all commercial properties usually every five years. This is called Revaluation and is done to maintain fairness in the system by redistributing the total amount payable, reflecting any changes in the property market. Revaluation does not raise extra revenue overall.

As of 1 April 2017 all business rates in England have been revalued. The result of this means that some businesses will pay more and some will pay less from 1 April. In order to limit and phase in changes in rates bills following a revaluation, the Government have introduced a Transitional relief scheme which limits how much business rates change following revaluation. Transition will be applied when the Rateable Value goes up or down by more than a certain percentage. If the Rateable value goes up over a certain limit transitional relief will be automatically applied and gradually phased out over 5 years. To help pay for these limits on increases in bills there are also limits on reductions in bills. If a Rateable Value goes down by more than a certain limit Transitional surcharge will be applied and gradually phased out over 5 years. This scheme only applies to the property at the time of revaluation - any changes to the property after the 1 April 2017 will not normally be subject to transition.

You do not need to apply for Transition. Any adjustments are made automatically and are shown on the front of your bill. More information on revaluation can be found on Gov UK.

How can I find out more?

Gov UK has lots of information about:

  • Revaluation 2017
  • how rates are calculated 
  • estimating your bill
  • what to do if your business or premises changes

If you require professional help querying your rateable value, you could get help from a qualified rating surveyor through one of the following organisations:

  • Royal Institute of Chartered Surveyors
  • Institute of Revenues, Rating and Valuation
  • Rating Surveyors Association
Support for small businesses

At the Spring Budget, the Chancellor announced that a scheme of relief would be made available to those ratepayers facing large increases as a result of the loss of small business or rural rate relief following the Valuation office agency’s 2017 revaluation of non-domestic properties.

The Supporting Small Businesses relief will ensure that the increase per year in the bills of these ratepayers is limited to the greater of:

  • a percentage increase per year of 5%, 7.5%, 10%, 15% and 15% 2017/18 to 2021/22 all plus inflation, or
  • a cash value of £600 per year (£50 per month).

In the first year of the scheme, this means all ratepayers losing some or all of their small business rate relief or rural rate relief will see the increase in their bill capped at £600. The cash minimum increase is £600 per year thereafter. This means that ratepayers who are currently paying nothing under small business rate relief and are losing all of their entitlement to relief (i.e. moving from £6,000 rateable value or less to more than £15,000) would under this scheme be paying £3,000 in year 5.

Those on the Supporting Small Businesses relief scheme whose 2017 rateable values are £51,000 or more will not be liable to pay the supplement (1.3p) to fund small business rate relief while they are eligible for the Supporting Small Businesses relief scheme.

A change in rate payer will not affect eligibility. The scheme will run for 5 years but will not be available to vacant properties or those occupied by a charity or community amateur sports club.

An application is not necessary as all qualifying businesses have been identified and contacted separately. However, if you feel you should qualify for this relief, please contact Customer Services using the form below.

2023 Business Rates Revaluation

The VOA is in the process of contacting businesses to request rental information to support the next revaluation of business rates on England - Revaluation 2023.

Once you receive a letter, you need to go to Gov UK to submit your up to date details

Last updated 20 August 2021
A to Z of Council Services
Feedback button