Business Rates
Commons · Question 98959 · Tabled 10 Dec 2025 · Treasury · Official record
Answered 15 Dec 2025
Question
Asked by Daisy Cooper
To ask the Chancellor of the Exchequer, what the cost to the public purse is of reducing the retail, hospitality and leisure multiplier by the maximum permitted by the Non-Domestic Rating (Multipliers and Private Schools) Act 2025.
Answer
Answered by Dan Tomlinson, 15 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...