Important Facts of the News
- Business property valuations are being updated later this year.
- A business rates valuation account is required to view and manage property valuations.
- Linking your property to the account is necessary to access full valuation details.
- Proof of property relationship, such as a utility bill, is mandatory for approval.
- Approval of property claim can take up to 15 working days.
- Next revaluation takes effect on 1 April 2026, reflecting rental value as of 1 April 2024.
- Rateable values for business rates are updated every three years.
- Corrections to current valuations must be made by 31 March 2026.
Why You Need to Claim Your Property
Commercial property owners and occupiers need to take note of upcoming changes to business property valuations. To view and manage updated rateable values, having a business rates valuation account linked with your property is essential.
What You Can Do With a Valuation Account
Once your property is linked, you can review the details held by the Valuation Office Agency (VOA), identify potential errors, and understand how the valuation was calculated. You can also dispute the current valuation if you believe it’s inaccurate. This must be done before 31 March 2026.
How to Get Started
To claim your property, create or log into your business rates valuation account and link your property. During the process, you’ll be asked to submit proof of ownership or tenancy, such as a business rates or utility bill.
Some valuation data is sensitive and will only be released once your claim is verified. The approval process usually takes about 15 working days.
Important Dates to Remember
The next revaluation of commercial properties will begin on 1 April 2026. It will be based on rental market conditions as of 1 April 2024. This revaluation is an important step in keeping property-based taxes accurate and reflective of current economic conditions.
Check Guidance and Video Support
If you’re unsure how to link your property, guidance and video tutorials are available online to walk you through the process step by step.