Retail Trade: Business Rates
Commons · Question 97261 · Tabled 4 Dec 2025 · Treasury · Official record
Answered 10 Dec 2025
Question
Asked by Sarah Olney
To ask the Chancellor of the Exchequer, what assessment her Department has made of the potential impact of rateable value increases and changes to business rates relief, announced at Budget 2025, on a) vacancy rates on local high streets, b) employment le
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...