UK Parliament / Open data

Business Rates and the Recession

Proceeding contribution from John Healey (Labour) in the House of Commons on Wednesday, 25 March 2009. It occurred during Opposition day on Business Rates and the Recession.
I think that it is reasonable that the hon. Gentleman's constituent should question the Valuation Office Agency's rating valuation. If his constituent is still contesting the view that the agency takes, he has the right to challenge it. He has the right to take the case to a tribunal to have it properly adjudicated. I would encourage the hon. Gentleman to encourage his constituent to do just that, as is his right. The Valuation Office Agency is there to deal with people's questions or challenges in the first instance, but the independent tribunal is there to adjudicate between the assessment made by the agency and the evidence that people such as his constituent produce. Let me return to revaluation. It ensures that businesses contribute at a level that is based on up-to-date information. The next revaluation is due to take effect from 1 April 2010. The revaluation will not raise extra business rates revenue; that is an important protection for all businesses. Some rates bills will rise and some will fall after the revaluation, but the average national rates bill for businesses will change only by inflation. For those rate payers who face big increases at the 2010 revaluation, we will introduce transitional arrangements, so that we phase in those increases. We plan to consult later this year on the design of those transitional arrangements, which will substantially benefit business in the new rating list period.
Type
Proceeding contribution
Reference
490 c392 
Session
2008-09
Chamber / Committee
House of Commons chamber
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