Business Rates: Tax Allowances — Written Question

Question

Kevin Hollinrake

Conservative — Thirsk and Malton

To ask the Chancellor of the Exchequer, what assessment she has made of the potential impact of (a) the withdrawal of the Retail, Hospitality and Leisure multiplier and (b) imposition of the new £500,000 multiplier on the marginal tax rate on business rat

Answer

James Murray

As set out at Autumn Budget 2024, the Government 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 benefit...

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