Hospitality Industry and Retail Trade: Business Rates
Commons · Question 99768 · Tabled 15 Dec 2025 · Treasury · Official record
Answered 18 Dec 2025
Question
Asked by Sir Julian Smith
To ask the Chancellor of the Exchequer, what assessment she has made of the potential impact of business rates revaluation on (a) hospitality and (b) retail businesses in North Yorkshire.
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...