Question to the HM Treasury:

To ask the Chancellor of the Exchequer, what assessment she has made of the potential impact of recent rateable value increases on small accommodation providers, including the impact on business viability and local tourism-dependent economies.

At the Budget, the VOA announced updated property values from the 2026 revaluation. This revaluation is the first since the pandemic, which has led to significant increases in rateable values for some properties as they recover from the pandemic.

To support those who are seeing large increases, Government has already acted to limit increases in bills, announcing a support package worth £4.3 billion package at the Budget.

The Government remains committed to ensuring the UK remains a world-class, competitive and sustainable destination. We aim to attract 50 million international visitors annually by 2030, and the forthcoming Growth Plan will set out how we intend to support jobs, investment, and regional prosperity.

The VOA published the Draft non-domestic rating list on 26 November 2025, which can be found here: https://www.gov.uk/government/statistics/non-domestic-rating-change-in-rateable-value-of-rating-lists-england-and-wales-2026-revaluation-draft-list