Business Rates: Tax Allowances
Commons · Question 95878 · Tabled 1 Dec 2025 · Treasury · Official record
Answered 4 Dec 2025
Question
Asked by David Simmonds
To ask the Chancellor of the Exchequer, with reference to the Budget 2025, HC1492, 26 November 2025, Box 3.H, and to the HMT document, Effects of the business rates retail, hospitality and leisure multipliers and high value multiplier of 26 November 2025,
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...