Business Rates: Tax Yields
The question
To ask the Secretary of State for Housing, Communities and Local Government, with reference to the Answer of 23 April 2026 to Question HL16235 on Business Rates, what forecast has HM Government made of the gross revenue from the Central List on business rates in England for each year from 2024–25 to 2028–29.
Answered by Alison McGovern
Estimates of Rateable Value for each property on the central list are published by the Valuation Office, which can be used to calculate estimated business rates receipts: https://www.gov.uk/government/collections/the-central-rating-list.
Business rates receipts from the central list are estimated to be, in cash terms, £2.1 billion in 2024-25, £2.1 billion in 2025-26 and £2.4 billion in 2026-27.
For later years, business rates receipts from the central list are estimated to be, in cash terms, £2.5 billion in 2027-28 and £2.5 billion in 2028-29.
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