Business rate revaluation 2023

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. They call this a revaluation.

Rateable values are the amount of rent a property could have been let for on a set valuation date. For the 2023 valuation, that date was 1 April 2021.

We use these rateable values to calculate business rates bills.

The Valuation Office Agency carries out revaluations to reflect changes in the property market. This means we base business rates bills on more up-to-date information.

The next revaluation comes into effect on 1 April 2023.

 

Contacting the Valuation Office Agency (VOA)

We are responsible for anything to do with your business rates bill. The Valuation Office Agency handles the valuation of your property. You need to contact the Valuation Office Agency for all queries about your rateable value.

Find your rateable value

You are now able to see the future rateable value for your property and get an estimate of what your 2023/24 business rates bill may be. You can do this through the Valuation Office Agency Find a Business Rates Valuation Service on GOV.UK.

Changes to your property details

To tell the Valuation Office Agency about changes to your property details (such as floor area sizes and parking) you need a business rates valuation account. The Valuation Office Agency may accept your changes and update the current and future valuations.

Sign in or register for a business rates valuation account

You think your rateable value is too high

From 1 April 2023, you need to use a business rates valuation account to tell the Valuation Office Agency you think your rateable value is too high. Until the Valuation Office Agency makes a decision you must continue to pay your business rates as normal.

Sign in or register for a business rates valuation account

How Coronavirus (COVID-19) affected future rateable values

The Valuation Office Agency bases most rateable values on an estimate of what it would cost to rent a property for a year, starting on a certain date.

For the 2023 valuation, that date was 1 April 2021. This was during the pandemic and the rent information the Valuation Office Agency used reflected this.

Page updated on: 21 November 2022