Question to the HM Treasury:

To ask the Chancellor of the Exchequer, what recent discussions she has had with the Valuation Office Agency on the appropriate valuation of film and TV studios.

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. This is to ensure that properties are assessed fairly and reflect changes in the property market over time.  The Valuation Office Agency (VOA) will publish the 2026 rating lists in draft on gov.uk by 31 December 2025.

The VOA keep HMT updated on the progress of discussions they are having with stakeholders in the film and TV industry whilst preparing the 2026 rating list, and expect these updates to continue.