Written Question·Treasury·UIN 37568
Business Rates
Tabled: 12 March 2025
Answered: 19 March 2025
Question
Kevin Hollinrake
Conservative — Thirsk and Malton
To ask the Chancellor of the Exchequer, pursuant to the Answer of 18 February 2025 to Question 30645 on Business Rates, if she will make an estimate of the number of hereditaments subject to the £500,000 multiplier if the threshold is not uprated in 2026.
Answer
James MurrayThe Government intends to introduce permanently lower tax rates for high street retail, hospitality, and leisure properties, with rateable values below £500,000, from 2026-27. This tax cut must be sustainably funded, and so the Government intends to apply...
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