Leisure: Business Rates — Written Question

Question

Dr Roz Savage

Liberal Democrat — South Cotswolds

To ask the Chancellor of the Exchequer, what consideration is given within the business rates valuation methodology to the revenue-generating capacity and operating margins of community-focused leisure businesses, compared with warehousing, office space,

Answer

Dan Tomlinson

Rateable values reflect the rental value of a property at a set valuation date. The valuation methodology used depends on the type of property, and the evidence available. The Valuation Office Agency use recognised valuation methods approved by the Royal ...

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