Retail Trade: Business Rates — 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 the decision to apply a higher multiplier to all properties with a rateable value of £500,000 or above on (a) large supermarkets and (b) department stores.

Answer

James Murray

At Autumn Budget 2024, the Government announced its intention 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 b...

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