Written Question·Treasury·UIN 83369
Music Venues: Business Rates
Tabled: 20 October 2025
Answered: 28 October 2025
Question
Adam Thompson
Labour — Erewash
To ask the Chancellor of the Exchequer, what assessment she has made of the potential impact of the proposed higher multiplier for business rates on (a) The Underworld, (b) Soul Mama and (c) other grassroots music venues with a rateable value of over £500
Answer
Dan TomlinsonAs set out at Autumn Budget 2024, the Government will introduce permanently lower tax rates for retail, hospitality, and leisure properties with rateable values (RVs) below £500,000, including grassroots music venues, from 2026-27. This permanent tax cut ...
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