Rateable value and rateable value appeals
Business Rates now accessible online
What is the rateable value?
The rateable value is assessed by the Valuation Office Agency (VOA), which is an agency of HM Revenue and Customs. 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. From 1 April 2023, the rateable values are based on the valuation date of 1 April 2021.
The next revaluation will come into effect on 1 April 2026. It will be based on the cost to rent a property for a year on 1 April 2024.
You can find your rateable value and check how it was calculated.
Rateable value appeals
If you think your rateable value is wrong, you can use your business rates valuation account to:
- report changes to your property (such as floor area sizes and parking)
- challenge your rateable value
An appeal on your rateable value is not possible, and may not be necessary, until you have completed check and challenge. The appeal of your rateable value must be done directly with the VOA and not via the Council.
You will still be required to make payments towards your business rates while you are appealing your rateable value with the VOA.
