Business Rates: Valuation
(asked on 29th October 2026) - View Source
Question to the HM Treasury:
To ask the Chancellor of the Exchequer, what assessment he has made of the effectiveness of the business rates valuation system in reflecting (a) flood risk and (b) seasonal trading patterns.
This question was answered on 5th November 2026
The basis of valuation for business rates is broadly the annual rental value of a property at a fixed valuation date. Any impact of these factors is reflected in the annual rental value, along with all other characteristics which may impact upon value.