Question to the HM Treasury:

To ask the Chancellor of the Exchequer, what estimate she has made of the administrative cost of implementing the council tax surcharge, including the estimated cost of the valuations for the dwellings.

Local authorities will collect this revenue on behalf of central Government. The Government will work closely with local government over the next two years to ensure the administration of the tax is not an excessive burden for local government. The Government will fully fund the administration costs of this tax. The Valuation Office will be conducting a targeted revaluation to identify homes worth over £2 million. This will also be fully funded by the Government. The HVCTS will raise £430m by 2029-30.