business rate valuations

Check your Business Rate Valuations

Check your Business Rate Valuations

Businesses have been urged to check the property valuation details they receive from the Valuation Office Agency (VOA) over the coming weeks, to ensure that their business rate bills for next year are correct. On 1st April 2010, the next national revaluation of business property in the UK will come into effect, carried out by the VOA, which is responsible for assessing the rateable value of business property in the UK. These new rateable values are based on market rents as of 1st April 2008. Rateable values are reviewed every five years and were last carried out in April 2005. Local authorities use the VOA’s assessment of a property’s rateable value to calculate business rates bills. To assess the rateable value, factors such as the size of the premises and how they are used ar... »