Question to the HM Treasury:

To ask the Chancellor of the Exchequer, whether, following the Government’s decision to abolish the Valuation Office Agency and transfer its functions into HM Revenue and Customs, she plans to maintain the current Valuation Office Agency methodology for assessing business-rates valuations.

This question was answered on 12th December 2025
At Budget 2025, the government published a Call for Evidence on Business Rates and Investment which will explore concerns raised by a small number of ratepayers whose properties are valued on the ‘Receipts & Expenditure’ methodology and options to improve predictability and stability.