Written Question·Treasury·UIN 107934
Business Rates: Valuation
Tabled: 22 January 2026
Answered: 30 January 2026
Question
Neil Duncan-Jordan
Labour — Poole
To ask the Chancellor of the Exchequer, what assessment she has made of the potential merits of using the 2023 valuations for business rates with multipliers of 0.2994 up to £51,000 and 0.333 over £51,000.
Answer
Dan TomlinsonAt the Budget, the VOA announced updated property values from the 2026 revaluation. This revaluation is the first since the pandemic, which has led to significant increases in rateable values for some properties. In recognition of the impact of the revalu...
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