For the first time since 2010 the Valuation Office Agency has been instructed by the government to revalue all non-domestic properties in the UK. This potentially means an increase in your business rates based on the new valuations.
- New values will be published Friday (30th September 2016)
- Come into effect for business rates from 1st April 2017.
- You must register to discover the new valuations.
- A new appeals process will be implemented.
Ratepayers can click find & review draft rateable values any time from 30 Sept: we recommend submitting any factual amends within 2 months.
— Valuation Office (@VOAgovuk) September 27, 2016
To try to limit the amount of appeals the Government has placed responsibility for verifying the new assessment is correct on ratepayers and their representatives. If you don’t review your details you may find yourself paying an incorrect amount in business rates!