Written Question·Treasury·UIN 17131
Business Rates
Tabled: 2 December 2024
Answered: 10 December 2024
Question
Kevin Hollinrake
Conservative — Thirsk and Malton
To ask the Chancellor of the Exchequer, what guidance she has issued on whether (a) supermarkets, (b) hotels and (c) department stores with a rateable value over £500,000 will be liable to pay the new business rates rateable value multiplier surcharge fro
Answer
James MurrayAt Autumn Budget 2024, the Government announced its intention to introduce permanently lower tax rates for retail, hospitality, and leisure (RHL) properties, with rateable values below £500,000, from 2026-27. This permanent tax cut will ensure that they b...
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