Changes to Business Rates 2010

What is the Revaluation?

From 1 April 2010, all commercial property in England and Wales will have new rateable values.

The rateable value is set by the Valuation Office A|gency (VOA) and is used by the local authority to calculate the amount of business rates each customer has to pay.

To make sure that all businesses are being charged in line with any changes to the property market, the VOA carries out a revaluation across England and Wales every 5 years.

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