Question to the HM Treasury:

To ask the Chancellor of the Exchequer, whether she has made an assessment of the potential merits of instructing the Valuation Office Agency to carry out a revaluation of commercial properties in this Parliament.

The Non-Domestic Rating Act 2023 and Local Government finance (Wales) Bill legislated for three yearly business rates revaluations in England and Wales from 2023. The date of completion for the next revaluation is 1 April 2026.

The VOA are responsible for assessing the rateable value of non-domestic properties in England and Wales. Scottish Assessors are responsible for the policy and legislative framework, and set the tax rates in Scotland.