PARLIAMENTARY WRITTEN QUESTION
(30 April 2025)
Question Asked
To ask the Chancellor of the Exchequer, what assessment she has made of the potential merits of excluding CCTV systems used for security purposes from business rates valuations.
Asked by:
Vikki Slade (Liberal Democrat)
Asked by:
Vikki Slade (Liberal Democrat)
Answer
At the Autumn Budget, the government published the Transforming Business Rates Discussion Paper, which sets out priority areas for reform. This paper invites industry to help co-design a fairer business rates system that supports investment and is fit for the 21st century.
In summer, the Government will publish an interim report that sets out a clear direction of travel for the business rates system, with further policy detail to follow at Autumn Budget 2025.
Improvement Relief was introduced in April 2024 and provides 12 months of relief for qualifying improvements to a property, including installation of CCTV where this increases a property’s RV.
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