3. Pubs and licensed trade
In England and Wales, the Valuation Office Agency (VOA) works out the rateable value based on the annual level of trade that a pub is expected to achieve if operated in a reasonably efficient way. This is called ‘fair maintainable trade’ and it’s based on:
- the type of pub or licensed premises
- the area it’s in
- the services it offers (for example, food, gaming, sports screenings)
The VOA also looks at rents and turnovers to work out the fair maintainable trade figure, then applies a percentage to work out the rateable value. The percentages are agreed with the British Beer and Pub Association.
Government guidance is available in the Business Rates section of their website.
Contact the Valuation Office Agency (VOA) on 03000 501 501 if you want to check the figures they’re using or don’t agree with the figures being used.
You’ll need to provide details of turnover (excluding VAT) for all sources, such as liquor, food and gaming.