The Rateable Value of your Premises - (Including Appeals)
Valuation Office Agency
Apart from properties that are exempt from Business Rates,
each non-domestic property has a rateable value which is normally
set by the valuation officers of the Valuation Office Agency (VOA),
an agency of the Inland Revenue.
It draws up and maintains a full list
of all rateable values available on their website at
www.voa.gov.uk.
The rateable value of your property will be shown on the front
of this bill. The rateable value broadly represents the yearly rent
the property could have been let for on the open market on a
particular date. For the revaluation that came into effect on
1 April 2010, this date was set as 1 April
2008.
The valuation officer has to maintain the list and may alter the
value if he or she believes that the circumstances of the property
have changed.
Appeals
The ratepayer (and certain others who have an interest in the
property) can also appeal against the value shown in the list if
they believe it is wrong.
Further information on the grounds for
making an appeal, and on how to make one, can be found on the VOA
website at
www.voa.gov.uk or
from your local valuation office.
The effect of successful appeals against values shown in the
rating list that came into force on 1 April 2005 will normally be
backdated to the beginning of the financial year in which they are
made, although there are exceptions to this.
Further information about these
arrangements may be obtained on the
ODPM
website