Business Rates: Tax Allowances
Commons · Question 95865 · Tabled 1 Dec 2025 · Treasury · Official record
Answered 4 Dec 2025
Question
Asked by Daisy Cooper
To ask the Chancellor of the Exchequer, whether she has made an assessment of the potential impact of reducing the RHL multiplier by 20p on the (a) public purse and (b) long term viability of the Retail, Hospitality and Leisure sectors.
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...