Retail Trade: Business Rates
Commons · Question 97242 · Tabled 4 Dec 2025 · Treasury · Official record
Answered 10 Dec 2025
Question
Asked by Greg Smith
To ask the Chancellor of the Exchequer, what guidance or analysis her department has undertaken on the potential impact on high street businesses of the removal of business rates relief and the simultaneous business rates revaluation.
Answer
Answered by Dan Tomlinson, 10 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...