Written Question·Treasury·UIN 16944
Business Rates
Tabled: 29 November 2024
Answered: 9 December 2024
Question
Kevin Hollinrake
Conservative — Thirsk and Malton
To ask the Chancellor of the Exchequer, what the methodological basis was for setting the proposed business rate multiplier surcharge for hereditaments above £500,000 rateable value at a level of up to 10 pence in the pound.
Answer
James MurrayTo deliver our manifesto pledge, from 2026-27, the Government intends to protect the high street by introducing permanently lower tax rates for retail, hospitality, and leisure (RHL) properties with Rateable Values below £500,000. This permanent tax cut w...
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