2023 business rates revaluation
The Valuation Office Agency (VOA) regularly updates the rateable values of business and other non-domestic properties (properties that are not just private homes) through a process called revaluation.
Revaluations are carried out to reflect changes in the property market, which means that business rates bills are based on more up-to-date information.
Rateable values are the amount of rent a property could have been let for on a set valuation date. For the 2023 valuation that's 1 April 2021. We use these rateable values to calculate business rates bills from 1 April 2023.