Written Question·Treasury·UIN 69830
Business Rates
Tabled: 22 July 2025
Answered: 4 September 2025
Question
Kevin Hollinrake
Conservative — Thirsk and Malton
To ask the Chancellor of the Exchequer, whether the new surcharge on hereditaments with Rateable Values above £500,000 from 2026-27 will be revenue-neutral in relation to the cost of the new Retail, Hospitality and Leisure rate multiplier from the 2026-27
Answer
Dan TomlinsonTo deliver our manifesto pledge, we intend to introduce permanently lower tax rates for high street retail, hospitality, and leisure (RHL) properties with Rateable Values (RVs) below £500,000 from 2026-27.This tax cut must be sustainably funded, and so we...
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