Non-domestic Rates: Valuation

(asked on 22nd November 2017) - View Source

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.


Answered by
Mel Stride Portrait
Mel Stride
Secretary of State for Work and Pensions
This question was answered on 27th November 2017

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.

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