Member

For the lower retail, hospitality and leisure multipliers, paragraph A6A(1)(b) ensures that the Treasury cannot set the lower multipliers more than 20p below the small business non-domestic rating multiplier. Clause 1 also ensures that the Treasury cannot set more than two lower multipliers. To be clear, the aforementioned parameters are the maximums at which the new additional multipliers may be set. They do not represent the changes that the Government intend to implement. The decision on the level at which the new multipliers will be set will be taken at the Autumn Budget 2025, factoring in the effects of the 2026 revaluation on the tax base as well as the broader economic and fiscal context.