questionText: To ask the Chancellor of the Exchequer, what is the methodology and the formula used in the current rateable value calculation.
answerText: The Valuation Office calculates a rateable value for each business property in England and Wales. A rateable value is an estimate of what it would cost to rent a property for a year, on a set date known as the Valuation Date.The methodology and approach u...
heading: Business Rates: Valuation