Business Rates
Commons · Question 97879 · Tabled 8 Dec 2025 · Treasury · Official record
Answered 16 Dec 2025
Question
Asked by Louie French
To ask the Chancellor of the Exchequer, with reference to the Autumn Budget 2025. what assessment she has made of the potential impact of the proposed change to (a) rateable value and (b) business rates relief on (i) vacancy rates, (ii) job losses, (iii)
Answer
Answered by Dan Tomlinson, 16 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...