Rateable Value
Apart from non-domestic properties that are exempt from Business rates, each non-domestic property has a rateable value set by the valuation officers at the Valuation Office Agency (VOA).
The VOA are a separate government agency of His Majesty's Revenues and Customs. Follow the link below to find out more about how business rates are calculated:
Business rates: How your rates are calculated - GOV.UK
The valuation officer at the VOA may alter the rateable value of your property if circumstances change. You can notify the VOA of any change to your property through your Business rates valuation account.
The ratepayer and certain others (who have an interest in the property), can request a change of rateable value if you feel that the rateable value is incorrect. To request a change of rateable value you will need to complete the check, challenge, appeal process on the VOA website: How to challenge your business rates valuation.
NOTE: All checks, challenges and appeals must be made to the Valuation Office Agency (VOA) and not to Stratford-on-Avon District Council. Whilst your check/challenge or appeal is progressing you must still pay your business rates bill.
The rateable value of your property is shown on the front of your business rates bill. This broadly represents the yearly rent the property could have been let for on the open market on a particular date. The previous ratings lists and valuation dates are as follows:
- the 2010 list and was valid until 31st March 2017 has the rateable values based on the valuation date of 1 April 2008.
- the 2017 list which came in on 1st April 2017 has the rateable value based on the valuation date of 1 April 2015.
- the 2023 list which will start on 1st April 2023 has the rateable value based on the valuation date of 1 April 2021.
- the new 2026 list which will start on 1st April 2026 has the rateable value based on the valuation date of 1 April 2024.
To find your business rates valuation please look on the VOA website: Find a business rates valuation.
Non-Domestic Rating Multiplier
The local authority works out the Non-Domestic Rates bill by multiplying the rateable value of the property by the appropriate multiplier. There are two multipliers: the standard Non-Domestic Rating multiplier, and the small business Non-Domestic Rating multiplier. The former is higher to pay for small business rate relief.
Except in the City of London, where special arrangements apply, the Government sets the multipliers for each financial year for the whole of England according to formulae set by legislation. Between revaluations the multipliers change each year in line with inflation and to take account of the cost of small business rate relief. In the year of revaluation the multipliers are rebased to account for overall changes to total rateable value and to ensure that the revaluation does not raise extra money for the Government.
For further information, please contact Revenues:
