Airports: Business Rates
The question
To ask the Chancellor of the Exchequer, if she will publish the calculated difference in business rates liability for each commercial airport in England between 4 July 2024 and the most recent date for which figures are available.
Answered by Dan Tomlinson
Due to legislation protecting taxpayer confidentiality, the Government is unable to disclose information about individual ratepayers.
To respond to those who are seeing large increases, the Government has already acted to limit increases in bills, announcing a support package worth £4.3 billion package at the Budget.
As part of this package, the redesigned transitional relief scheme caps airport bill increases arising from the revaluation at just over a doubling by 2028/29, before local supplements and reliefs. This represents a significant reduction compared to the much larger increases airports would have seen without support.
To provide long term predictability and stability for the sector, at Budget the Government published a Call for Evidence exploring concerns airports and a small number of other ratepayers have raised around the ‘Receipts & Expenditure’ valuation methodology and its impacts on long-term, high value investments. Through this Call for Evidence, we will seek to address issues raised ahead of the 2029 revaluation.
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