Business Rates
The question
To ask the Secretary of State for Housing, Communities and Local Government, what estimate her Department made of the revenue that would be raised by the (a) small business multiplier and (b) standard multiplier in the 2024-25 financial year; and how much was raised from hereditaments with a rateable value over £500,000.
Answered by Jim McMahon
Local authority estimates on the revenue collected on each business rates multiplier in 2024-25 are published here: National non-domestic rates collected by councils in England: forecast 2024 to 2025 - GOV.UK. Part 2 of the local authority data tables contains the relevant breakdown.
Local authorities do not publish estimates on the revenue collected on hereditaments with a rateable value of over £500,000. The Valuation Office Agency publish data on the breakdown of rateable values here: Non-domestic rating: stock of properties, 2024 - GOV.UK.
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