Business Rates: Valuation
Commons · Question 102992 · Tabled 5 Jan 2026 · Treasury · Official record
Answered 13 Jan 2026
Question
Asked by Rupert Lowe
To ask the Chancellor of the Exchequer, what estimate she has made of the potential impact of business rates liabilities on the number of business closures since the last revaluation.
Answer
Answered by Dan Tomlinson, 13 Jan 2026
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...