Written Question·Treasury·UIN 40774
Business Rates
Tabled: 24 March 2025
Answered: 1 April 2025
Question
Joe Robertson
Conservative — Isle of Wight East
To ask the Chancellor of the Exchequer, if she will ensure that the proposed higher business rates multiplier for properties with a rateable value of £500,000 or more is index-linked.
Answer
James MurrayThe Government intends to introduce permanently lower tax rates for 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 a higher ra...
ⓘ
This is an extract from the Parliament API. Search the full answer on Parliament.uk (UIN 40774) →