Retail Trade: Business Rates
Commons · Question 97245 · Tabled 4 Dec 2025 · Treasury · Official record
Answered 18 Dec 2025
Question
Asked by Greg Smith
To ask the Chancellor of the Exchequer, what assessment she has made of the potential impact of the combined effect of higher rateable values and reduced business rates relief on the number of hospitality closures and empty units on high streets over the
Answer
Answered by Dan Tomlinson, 18 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...