Retail Trade: Business Rates — Written Question

Question

Saqib Bhatti

Conservative — Meriden and Solihull East

To ask the Chancellor of the Exchequer, what assessment she has made of the potential impact of rateable value increases and changes to business rates relief on a) vacancy rates on local high streets, b) jobs, c) businesses closures and d) price levels.

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 97267) →