Retail Trade: Business Rates — Written Question

Question

Mr Louie French

Conservative — Old Bexley and Sidcup

To ask the Chancellor of the Exchequer, with reference to her Department’s webpage entitled Transforming business rates, published on 30 October 2024, whether it remains her policy that the business rate system should level the playing field between high

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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