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1 April 2008 |
Valuation date for all new 2010 rateable values.
To ensure fairness and consistency, the same fixed valuation date is used for all properties.
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30 September 2009 |
The VOA publishes online the new rateable values, allowing six months for you to check that the valuation of your property is based on factually correct information before it comes into effect. We will also send details of the new valuations to the majority of ratepayers during October.
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February / March 2010 |
Your local authority uses the new rateable values to calculate the business rates bills for the 2010/2011 financial year.
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1 April 2010 |
All new 2010 rateable values come into effect. They will remain effective for five years. |
The valuation date – 1 April 2008
The date is fixed two years before the date that valuations become effective to ensure that information to support the valuation process is available.
It ensures fairness and is the same for all ratepayers.
Rental values in 2010 may be lower than they were in 2008 but that does not mean the Government will be collecting extra revenue. The new multiplier will be set to ensure the overall national rates bill will remain the same. Your new rates bill will depend on how your rateable value has changed relative to all other rateable values since the last revaluation, not on any changes in the rental market between 2008 and 2010.
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