Business Premises: Valuation
Commons · Question 47411 · Tabled 23 Apr 2025 · Treasury · Official record
Answered 1 May 2025
Question
Asked by Euan Stainbank
To ask the Chancellor of the Exchequer, whether she has made an assessment of the potential merits of instructing the Valuation Office Agency to carry out a revaluation of commercial properties in this Parliament.
Answer
Answered by James Murray, 1 May 2025
The Non-Domestic Rating Act 2023 and Local Government finance (Wales) Bill legislated for three yearly business rates revaluations in England and Wales from 2023. The date of completion for the next revaluation is 1 April 2026. The VOA are responsible for...