Business rate valuation and appeals

Business rate valuation

Revaluation 2017

The Valuation Office Agency (VOA) gives all business (non-domestic) properties new rateable values so local authorities can work out the business rates.

The rateable value is based upon a property's annual market rental value as at a specified date; for the current list this was 1 April 2015. The rateable value forms the basis on which your business rates are calculated. Your bill shows the rateable value which applies to your property. The local rating list shows the rateable value of each property in the Bradford area.

The purpose of the revaluation is not to change the amount of money collected in rates nationally, but to make sure that individual rateable values reflect the changes that have taken place in the property market since the last revaluation.

Business rate appeals

The VOA are responsible for compiling and maintaining the council tax valuation list and local rating list respectively. The VOA is part of HM Revenue & Customs.

The council uses the rateable value provided by the VOA to work out your business rates bill. You can check your rateable value and compare it with others on the VOA website. You can also get in touch if you need to let them know of any issues.

Find and review your rateable value on the website.

The way you can appeal against your rateable value is changing from 1st April 2017. If you have reason to believe that your 2017 rateable value is not correct, follow the instructions on the website.

Note - if you are making an appeal you must still pay your Business Rates on the dates they are due. If your appeal is successful, any overpayment will be refunded.

Information regarding rating advisors

Ratepayers do not have to be represented in discussions about their rateable value or their rates bill. Appeals against rateable values can be made free of charge. However, ratepayers who do wish to be represented should be aware that members of the Royal Institution of Chartered Surveyors and the Institute of Revenues, Rating and Valuation are qualified and are regulated by rules of professional conduct designed to protect the public from misconduct.
Before you employ a rating adviser, you should check that they have the necessary knowledge and expertise, as well as appropriate indemnity insurance. Take great care and, if necessary, seek further advice before entering into any contract.

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