September 12 2016.

The Valuations Office Agency (VOA) is in the process of updating the rateable values of all business properties. This is known as a revaluation and the draft rateable values will be available to view on in October 2016.

The revaluation forms part of the calculation for how changes in business rates will be worked out for the coming year. The FSB is advising businesses to register their email address with the VOA in advance, to receive a reminder as soon as the values are published online. Once published, businesses can let the VOA know if any changes need to be made to their property details, before business rates bills go out in the new financial year. If businesses don’t review their details, they could well end up paying an incorrect amount in business rates.

Register your email address HERE.