Question to the HM Treasury:

To ask the Chancellor of the Exchequer, pursuant to the Answer of 19 November to Question 90360 on Business Rates, how many business premises (a) have been brought into paying business rates for the first time and (b) will pay more per year in business rates as a result of the revaluation, notwithstanding any reduction in the multiplier.

The Valuation Office Agency is responsible for compiling the non-domestic rating lists and setting the rateable value for each non-domestic property. Local billing authorities then use this information to calculate rates payable by using the multiplier set by government and applying any appropriate relief or discounts. Next year’s liability has not yet been confirmed.

The Valuation Office Agency plans to publish draft valuations for the 2026 Rating List on 26 November 2025. Statistics will be published alongside this showing changes in rateable values between the 2023 and 2026 lists. The statistics will be updated to reflect any changes made when the compiled list is published on 1 April 2026.