Written Question·Treasury·UIN 17135
Business Rates: Tax Allowances
Tabled: 2 December 2024
Answered: 10 December 2024
Question
Kevin Hollinrake
Conservative — Thirsk and Malton
To ask the Chancellor of the Exchequer, if she will publish an impact assessment for the proposed reduction in business rate relief for retail, hospitality and leisure businesses in England.
Answer
James MurrayAt Autumn Budget 2024, the Government announced that it intends to introduce permanently lower tax rates for retail, hospitality, and leisure (RHL) properties, with rateable values below £500,000, from 2026-27. This permanent tax cut will ensure that they...
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