Question to the HM Treasury:
To ask Mr Chancellor of the Exchequer, with reference to his oral contribution of 22 November 2017, what plans he has for businesses to take responsibility for the revaluation of their own premises.
Autumn Budget 2017 announced that the Valuation Office Agency (VOA) would revalue properties for business rates purposes every three years, instead of every five, following the next revaluation (currently due in 2022).
To enable the VOA to deliver more frequent revaluations, ratepayers will need to provide information regularly on who is responsible for business rates and property characteristics including use and rent. The Government will consult on the detail in due course.