Written Question·Treasury·UIN 17139
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 estimate she has made of the additional revenue to be raised from properties with rateable value of £500,000 or above in order to be able to set lower multipliers for retail, hospitality and leisure properties
Answer
James MurrayAt Autumn Budget 2024, the Government announced that it intends 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...
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