Hospitality Industry and Retail Trade: Business Rates — Written Question

Question

Sarah Olney

Liberal Democrat — Richmond Park

To ask the Chancellor of the Exchequer, if she will make an assessment of the potential impact of applying a) a 10p multiplier b) a 15p multiplier or c) the full 20p discount on high street and hospitality businesses; and if she will publish that assessme

Answer

Dan Tomlinson

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...

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