Business Rates Revaluation 2023

The Valuation Office Agency (VOA) is contacting businesses to request rental information to support the next revaluation of business rates in England and Wales – Revaluation 2023.

From 1 April 2023, new rateable values came into force across England. 

The revaluation has seen some considerable increases in bills for some ratepayers and the government has, as usual after each revaluation, introduced a transitional relief scheme whereby increases in bills are phased in over three years.

If you believe your rateable value is incorrect or want to discuss the valuation further please contact the Valuation Office Agency via the following methods;

Transitional Relief Scheme

Properties subject to large increases in rateable value as a result of the revaluation will benefit from the Governments’ Transitional Relief Scheme. The scheme is designed to limit the impact of the rateable value There is no requirement for you to apply for this relief and your new bill will show the award automatically, if applicable.  Unlike previous Transitional Relief schemes, those properties where the rateable value has reduced will benefit from the full reduction from the start of the Rating List (01.04.2023).

Small Business Rates Relief

Do you only occupy one business property?  Is your 2023 List rateable value below 15,000?  You may be entitled to Small Business Rates Relief - for more information please fill out our Small Business Rates Relief online form.


Contact
Council Tax & Business Rates
tel: 0115 917 7777