Business Rates: Tax Allowances — Written Question

Question

Kevin Hollinrake

Conservative — Thirsk and Malton

To ask the Chancellor of the Exchequer, with reference to the Autumn Budget 2024, HC 295, what the revenue effect will be of the combination from 2026-27 of the ending of 75% retail, hospitality and leisure (RHL) rate relief, the new RHL lower multiplier,

Answer

James Murray

As set out at Budget, the government intends to introduce permanently lower tax rates for high-street retail, hospitality, and leisure (RHL) properties from 2026-27. However, this plan to provide support for the high street must be sustainable. That is wh...

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