Every five years, the Valuation Office Agency (VOA) has a statutory duty to carry out a revaluation of all rateable values in England and Wales, which ensures that they reflect changes in the property market. The next revaluation is due to come into effect on 01 April 2010 and all properties will have their rateable value assessed on the valuation date of 1 April 2008.
The VOA has now published the draft rating list for the 2010 revaluation. The draft list can be viewed at www.voa.gov.uk/2010 , a list of frequently asked questions regarding the revaluation is also available.
You can estimate your rate bill for next year through a business rates calculator on the business link website at www.businesslink.gov.uk/estimatemyrates .