A revaluation of business rates usually takes place every five years to reflect changes in the property rental market. The most recent revaluation was in April 2010. The Government has announced that the next revaluation has been postponed until April 2017.

What happens at revaluation?

At revaluation, the business rate multipliers that are used to calculate the rates payable are revised so that national business rates bill only changes in line with inflation.

This means that a change in your rateable value does not always mean a change in your bill.

To make sure your valuations are accurate, you must give the Valuation Office Agency (VOA) up-to-date rental evidence for your property at revaluation.
 

Transitional relief or surcharge

The Government recognises that revaluations may cause sharp rises or decreases in the level of Business Rates payable for some businesses and the Transitional scheme was introduced to help mitigate the effect of any large increases or large reductions. Any transitional amount is automatically calculated on your bill. Please see our Transitional Rate Relief or Surcharge page for more information.
 

Querying your Rateable Value

In England and Wales, you can query your current rateable value by contacting the Valuation Office Agency. There's no charge for this service.

You can also get help from professional organisations that can put you in touch with a qualified rating surveyor.

They will normally belong to one of the following professional bodies:

Remember, you may be charged for any advice you get from these bodies

You can call the Royal Institution of Chartered Surveyors enquiry line on 0870 333 1600 for advice from a local chartered surveyor. The first 30 minutes of advice are free.