Question to the HM Treasury:

To ask the Chancellor of the Exchequer, pursuant to the Answer of 26 February 2025 to Question 32153 on Airports: Business Rates, how airports will be valued in the 2026 business rates revaluation.

Civil Airports for the 2026 Revaluation are being valued using the ‘receipts and expenditure’ valuation method. This takes into account the business’ income and expenses in determining the rateable value.

As with other revaluations, the VOA are in discussions with representatives from the airport sector. The VOA have not changed the methodology they use to assess airports since the last revaluation.

The revaluation is not yet complete and the VOA expect to publish draft valuations by the end of 2025.