questionText: To ask the Chancellor of the Exchequer, with reference to the Budget 2025, HC1492, 26 November 2025, Box 3.H, and to the HMT document, Effects of the business rates retail, hospitality and leisure multipliers and high value multiplier of 26 November 2025, what is the estimated saving to the Exchequer in 2026-27 relative to 2025-26 from central government no longer funding the Retail, Hospitality and Leisure rate relief.
answerText: The amount of business rates paid on each property is based on the rateable value of the property, assessed by the Valuation Office Agency (VOA), and the multiplier values, which are set by the Government. Rateable values are re-assessed every three years...
heading: Business Rates: Tax Allowances