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Business rates revaluation

At revaluation, the government adjusts the value of business rates to reflect changes in the property market. 

Revaluation 2023

The Valuation Office Agency (VOA), an agency of His 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 2023, this date will be set as 1 April 2021.

A rates calculator is available on gov.uk to help ratepayers estimate what their new business rates bill will be from 1 April 2023. Find a Business Rates Valuation service on GOV.UK.

2023 Transitional Relief Scheme

The government will introduce a Transitional Relief (TR) scheme to support ratepayers facing large changes in their liabilities as they adjust to their new bills.

Find our more information on the Department for Levelling Up, Housing & Communities website. 

What you should do next

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.