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The VOA is responsible for assessing the rateable value of all non-domestic and business property in England and Wales. Rateable value is a key factor in the calculation of business
rates but it is not what you actually pay.
In broad terms the rateable value is a professional view of the annual rent for a property if it was available on the open market on a set date. All current rateable values are based on a valuation date of 1 April 2003.
Check your current rateable value
Local councils use the rateable value, in conjunction with a factor called the multiplier, to calculate the basic business rates liability for each property, before applying any discounts or reliefs. Local councils are responsible for sending out the bills and collecting the rates payable.
Get contact details for your local council on Directgov
You can get an indication of your business rates liability, using your current rateable value, by using the rates liability indicator on businesslink.
Rateable values are reassessed, or revalued, every five years, bringing them into line with current market values. For the 2010 revaluation, the valuation date is 1 April 2008.
Find out more about the business rates system at businesslink |
