Written Question·Treasury·UIN 32133

Business Rates

Tabled: 21 February 2025

Answered: 28 February 2025

Question

Kevin Hollinrake

To ask the Chancellor of the Exchequer, what assessment her Department has made of the potential impact of the abolition of the £110,000 relief cap on (a) the level of retail, hospitality and leisure rate relief under the new 2026-27 multiplier system and

Answer

James Murray

As set out at Autumn Budget 2024, the Government intends to introduce permanently lower tax rates for retail, hospitality, and leisure (RHL) properties, including those on the high street, from 2026-27. This permanent tax cut will ensure that they benefit...

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