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 2017, the rateable values are based on the valuation date of 1 April 2015.
Rateable value appeals
If you have reason to believe that your 2017 rateable value is not correct, follow the instructions below:
An appeal on your 2017 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.