Business Rates: Valuation — Written Question

Question

Mr Louie French

Conservative — Old Bexley and Sidcup

To ask the Chancellor of the Exchequer, what comparative assessment she has made of the potential impact of the proposed higher business rates multiplier for properties with a rateable value above £500,000 on (a) physical retailers and (b) online business

Answer

Dan Tomlinson

The Government is creating a fairer business rates system that protects the high street, supports investment, and is fit for the 21st century.As set out at Autumn Budget 2024, the Government will introduce permanently lower tax rates for retail, hospitali...

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