Rating Revaluation 2017: Fast Approaching!

We are eagerly awaiting the delayed revaluation process. On 1st February, the Valuation Office Agency (VOA) confirmed a key date. They will publish the draft Rating List for the 2017 Rating Revaluation in September 2016. This announcement gives businesses a vital window to prepare for new overhead costs.

You must register your interest now to receive your new assessment early. You can find official guidance on the government website. We highly recommend early registration. This helps you avoid the last-minute rush when the draft list goes live.

How the Revaluation Affects You

This change affects all owners and occupiers. Therefore, we urge you to review your current 2010 Business Rates assessment immediately. Many people wrongly believe that old assessments no longer matter. However, your current Rateable Value serves as a critical baseline. It will directly impact your rate liability for the five-year period between 2017 and 2022.

The upcoming shift reflects property market changes since the last valuation. For many, this means a significant change in the “multiplier.” We use this figure to calculate your annual bills. If you understand your position in the draft list early, you can forecast your finances better. It also allows you to spot errors in the VOA data.

Professional Registration and Support

The VOA requirements and the “Check, Challenge, Appeal” process are complex. Busy business owners often struggle to find the time. You may ask: “Can we register on your behalf?” The answer is yes. We provide a full service to manage the registration for you. Our team ensures you receive your data the moment the VOA releases it.

Act now to identify unfair assessments. You should do this before the new rates take full effect. If you have not booked a professional rate ‘check-up’ yet, contact our team today. We are ready to help you manage your liability.