The Valuation Office Agency (VOA) regularly updates the rateable values of all business and other non-domestic properties (properties that are not just private homes) in England and Wales. This is called a revaluation.
We use these rateable values to calculate business rates bills. The next revaluation will come into effect on 1 April 2023.
Business rates are charged on most non-domestic properties, such as shops, offices, pubs and factories. Apart from properties that are exempt from business rates, each non-domestic property has a rateable value which is set by the Valuation Office Agency.
Further information can be found in the Business Rates Explanatory Notes [PDF, 0.1MB].
How much will I have to pay?
Every non-domestic property has a rateable value, which is set by the Valuation Office Agency (VOA), part of HMRC, unless it is exempt from rating (for example, churches, farm buildings and buildings used for training or welfare of disabled people).
You can check the rateable value of a property on the VOA’s website.
You can also check if you qualify for any reductions, reliefs or exemptions from your business rates.
We calculate your business rates by multiplying the rateable value of your property against a multiplier, which is set each year by the government. The multiplier indicates the percentage, or pence in the pound, of the rateable value that you will pay in business rates.
There are two multipliers for the financial year 2023/24:
the standard multiplier is 51.2p
the small business multiplier is 49.9p.
A property has a rateable value of over £51,000. The rates (not including any exemptions, reductions or relief) would be:
- £55,000 x 0.512 = £28,160.00
A small business has a rateable value of up to £50,999. The rates (not including any exemptions, reductions or relief) would be:
- £12,000 x 0.499 = £5,988.00
Factors such as rate relief, exemptions and reductions may reduce how much you pay.
See the Reductions, Reliefs and Exemptions page for further information.
Do I have to pay business rates if I work from home?
If you work at, or from, home you may have to pay business rates on the area used for business purposes and council tax for the rest of the property.
You can find more information on the VOA website and the Home-Based Businesses Guide [PDF, 0.1MB]
Check and challenge your rateable value
If you think your rateable value isn't correct, you can ask the VOA to reassess it. There is no charge to make an appeal.
From 1 April 2023, you will need to use a business rates valuation account to tell the VOA you think your rateable value is too high. You must continue to pay your business rates as normal until a decision has been made.
To tell the VOA about changes to your property details (such as floor area sizes and parking) you need a business rates valuation account.
The VOA may accept your changes and update the current and future valuations. Sign in or register with the Valuation Office.
Further information can be found in GOV.UK's guidance on how to check, challenge and appeal your rateable value.
You can check and challenge your rateable value online via GOV.UK.
You can contact the VOA at any time.
If you cannot use the online service, call 03000 501 501. Telephone lines are open Monday to Friday, 8:30am to 5:00pm.
To write to the VOA please use the following address:
The Valuation Officer for Huntingdonshire District Council, Valuation Office Agency, Durham Customer Service Centre, Wycliffe House, Green Lane, Durham, DH1 3UW
If the VOA agrees with your appeal, or if you reach an agreement on another figure, the rateable value will be changed. If an agreement cannot be reached, the dispute can be passed to the Valuation Tribunal.
You must continue to pay your bill even if you have appealed against the rateable value.
View information about business rate appeal scams.
Change of circumstances
You must let us know of any changes in your circumstances that may affect your business rates liability. Please let us know if:
you change address
your property changes from empty to occupied (or vice versa)
you believe that you are entitled to, or no longer entitled to, relief
the VOA amends the rateable value of a property outside of our area.
We will recalculate your liability and send you an amended bill.
You can let us know by using one of the links below or by emailing firstname.lastname@example.org.
How do I report a change of address?
You can report a change of address online:Report Moving Into a Property
Report Moving Out of a Property
Or you can download the form and return it to us:Download Form to Report Moving In or Out of a Property