Written Question·Treasury·UIN 14995
Business Rates: Tax Allowances
Tabled: 19 November 2024
Answered: 27 November 2024
Question
Paul Holmes
Conservative — Hamble Valley
To ask the Chancellor of the Exchequer, with reference to paragraph 1.7 of her Department's publication entitled Transforming Business Rates, published on 30 October 2024, what estimate she has made of the amount of tax relief in (a) monetary terms and (b
Answer
James MurrayIn 2025-26, Retail, Hospitality and Leisure (RHL) relief will provide RHL properties 40% relief up to a cash cap of £110,000 per business and the small business multiplier will be frozen at 49.9p. This is a package worth over £1.6 billion, aimed at suppor...
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