L24043a-T-TG Economic support on Business Rates

London Luton airport LLA pays non-domestic rates to Her Majesty’s Government based on a rateable value RV estimated by the Valuation Office Agency VOA. The VOA has indicated that LLA will be moved to a Receipts and Expenditure Basis R and E from the current Contractors Basis.LLA has a retained specialist real estate advisor who assisted with negotiations on the 2023 valuation, these advisors remain appointed and are engaged to work on the 2026 valuation to mitigate any increase. However, considering the potential i...