Retail Trade: Business Rates
Commons · Question 99923 · Tabled 15 Dec 2025 · Treasury · Official record
Answered 18 Dec 2025
Question
Asked by Louie French
To ask the Chancellor of the Exchequer, with reference to her Department’s webpage entitled Transforming business rates, published on 30 October 2024, whether it remains her policy that the business rate system should level the playing field between high
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...