Business Rates Revaluation 2010

Revaluation: 1 April 2010 

All Rateable values are reassessed every 5 years at a general revaluation.

Every non-domestic property has a rateable value which is set by the valuation officers of the Valuation Office Agency (VOA), which is part of Her Majesty’s Revenues and Customs.

The rateable value of your property is shown on your Business Rates Bill and broadly represents the yearly rent the property could have been let on the open market on a particular date.

For the revaluation that comes into effect on 1^st April 2010, this date was set as 1^st April 2008.

Whilst the 2010 revaluation will not increase the amount of business rates collected nationally, within this overall picture, some businesses will see their rates liabilities reduced and some will see increases.

In this section:

• What to do if you think your value is wrong

• When you should expect to receive your revaluation

• What happens if your business rates increase

• Information on a free seminar to find out more about your valuation

Bogus Rating Advisers

Businesses in East Sussex are being warned that bogus rating officers could soon be operating in the County. They will claim that they can get you a substantial reduction in your rate bill.

These advisers are usually not qualified and ask for large sums of money as advance payment for each evaluation appeal.

Anyone considering an appeal is encouraged to seek professional advice from a qualified rating surveyor. Details of the Rating Consultancy Code of Conduct can be found on the Royal Institution of Chartered Surveyors website.

Further information about the forthcoming business rate revaluation can be found on the Valuation Office Agency's website.