Written Question·Treasury·UIN 15242
Business Rates: Tax Allowances
Tabled: 20 November 2024
Answered: 27 November 2024
Question
Paul Holmes
Conservative — Hamble Valley
To ask the Chancellor of the Exchequer, if she will make an estimate of the additional revenue generated following the reduction of business rate relief from 75% to 40% for the retail, hospitality and leisure sectors in the 2025-26 financial year.
Answer
James MurrayRetail, Hospitality and Leisure (RHL) relief is a single year policy intervention. As such, the baseline scorecard assumption for 2025-26 was for RHL relief to not be extended. At Autumn Budget, the Government announced that from 2026-27, it intends to in...
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