Written Question·Treasury·UIN 19355

Film: Business Rates

Tabled: 11 December 2024

Answered: 20 December 2024

Question

Kevin Hollinrake

To ask the Chancellor of the Exchequer, whether the higher business rate surcharge on hereditaments above £500,000 Rateable Value will apply to film studios; and how this change will interact with film studio rate relief.

Answer

James Murray

At 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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