Business Rates revaluation 2023
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.
Revaluation 2023 will impact the rateable values of all 2.14 million non-domestic properties in England and Wales.
Rateable values are the amount of rent a property could have been let for on a set valuation date. For the 2023 valuation, that date was 1st April 2021.
The Councils use these rateable values to calculate Business Rates bills.
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.
The next revaluation will come into effect on 1st April 2023.
Contacting the Valuation Office Agency (VOA)
The Councils are responsible for anything to do with your Business Rates bill.
However, the VOA is responsible for the valuation of your property. You will therefore need to contact the VOA for all queries about your rateable value.
Finding your rateable value
You can find the rateable value for your property via the VOA's section of the GOV.UK website:
What to do if your property details need changing
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 valuation.
Sign in or register for a Business Rates valuation account:
What to do if you think your rateable value is too high
From 1st 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.
Sign in or register for a Business Rates valuation account ready for 1st April 2023:
How coronavirus (COVID-19) affected future rateable values
The VOA bases most rateable values on an estimate of what it would cost to rent a property for a year, starting on a certain date.
For the 2023 valuation, that date was 1st April 2021. This was during the pandemic and the rent information the VOA used reflected this.
Blogs and Social Media
The VOA has published a series of blogs on its website which address frequently asked questions about revaluations and explain how they value specific properties. They have already published several, including one:
Further information is also available on social media:
The VOA has also published a series of informative YouTube videos on its channel, which explain what a revaluation is and show customers how to navigate VOA digital services:
To read more about changes to Business Rates please see:
Need assistance with this service?
Get in touch:
Adur Business Rates
Worthing Business Rates
Page last updated: 15 March 2023