Hospitality Industry: Business Rates — Written Question

Question

Jim McMahon

Labour (Co-op) — Oldham West, Chadderton and Royton

To ask the Chancellor of the Exchequer, what assessment has been made of the potential impact of the lower rate of business rates retail, hospitality and leisure multipliers, revaluation, and transition arrangements on pubs, bars and restaurants.

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...

ⓘ

This is an extract from the Parliament API. Search the full answer on Parliament.uk (UIN 97164) →