Business Rates: Tax Allowances
Commons · Question 95864 · Tabled 1 Dec 2025 · Treasury · Official record
Answered 4 Dec 2025
Question
Asked by Daisy Cooper
To ask the Chancellor of the Exchequer, what assessment she has made of the potential impact of the reduction of the Retail, Hospitality and Leisure multiplier and the withdrawal of the capped Retail, Hospitality and Leisure Relief scheme on multiple reta
Answer
Answered by Dan Tomlinson, 4 Dec 2025
The amount of business rates paid on each property is based on the rateable value of the property, assessed by the Valuation Office Agency (VOA), and the multiplier values, which are set by the Government. Rateable values are re-assessed every three years...