The Valuation Office Agency (VAO) sets the rateable values of all business properties. This is known as a revaluation. Rateable values are used by local councils to calculate business rates.
The new rateable values, released on 30 September 2016, are based on the rental value of properties on 1 April 2015. These were used to calculate business rate bills from 1 April 2017.
Business Rate Relief has also changed with more small businesses now being eligible. You can check your Business Rates and Rateable Value; Correct your Rateable Value; Appeal your Business Rate and Submit rent, lease or ownership details via the VAO. Click here to view the website.