Business Rates: Tax Yields — Written Question

Question

David Simmonds

Conservative — Ruislip, Northwood and Pinner

To ask the Chancellor of the Exchequer, with reference to her Department's discussion paper entitled Transforming Business Rates, published on 30 October 2024, what the estimated yearly increase is in business rate receipts from the higher multiplier on h

Answer

James Murray

To protect the high street, the government intends to introduce permanently lower tax rates for high street Retail, Hospitality and Leisure properties from 2026-27. This tax cut must be sustainably funded, and the government intends to introduce a Large B...

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