Apart from properties that are exempt from Business Rates, each non-domestic property has a rateable value. This is normally set by the valuation officers of the Valuation Office Agency (VOA) - an agency of His Majesty's Revenues & Customs. The VOA draws up and maintains a full list of all rateable values. These are available on their website.
The Rateable Value broadly represents the yearly rent the property could have been let for on the open market on a particular date.
Your rateable value is not the same as your business rates payable - your bill will show the amount due.
If you have any queries regarding your Rateable Value or you wish to appeal against the value placed on your property you should contact the Valuation Office direct.
Remember - you must pay the instalments shown on your bill until any appeal has been decided and a revised bill issued. Any overpayment will be refunded to you.
The VOA has set new rateable values for all business properties from 1 April 2023. This is the yearly rent that could have been fetched on 1 April 2021. This was during the pandemic and the rent information reflects this.
0191 433 4726
Telephone enquiries can be made on a Monday to Thursday between the hours of 8.45am to 5pm and on a Friday between 8.45am to 4.30pm.
Please email email@example.com outside of these working hours.