The Valuation Office Agency (VOA) is urging businesses to create a business rates valuation account so they can access their latest commercial property valuation.

The VOA updates the rateable values of all business premises in England and Wales every three years. The next revaluation will come into effect on 1 April 2026, based on open-market rental values as of 1 April 2024.

Business rates are worked out from your property’s rateable value. While this is not the final bill, it is the starting figure. Local authorities then apply a multiplier and any reliefs that apply to calculate the amount payable.

The updated valuations will be released several months before April next year. By setting up a business rates valuation account, you’ll be able to see the details of your property and check your future rateable value as early as possible.

With an account you can also:

  • Confirm the VOA holds the correct information about your property.

  • Report any errors in the data.

  • Understand how the valuation has been calculated.

  • Challenge your current valuation if you think it is inaccurate.

Having early access to this information means businesses will have more time to prepare for potential changes to their business rates bill, rather than facing surprises once invoices are issued.