Written Question·Treasury·UIN 31837
Wholesale Trade: Business Rates
Tabled: 21 February 2025
Answered: 28 February 2025
Question
Martin Vickers
Conservative — Brigg and Immingham
To ask the Chancellor of the Exchequer, what estimate she has made of the impact of the higher multiplier on properties with a rateable value of £500,000 and above on the food and drink wholesale sector.
Answer
James MurrayAs set out at Autumn Budget 2024, the Government intends to introduce permanently lower tax rates for retail, hospitality, and leisure (RHL) properties, including those on the high street, from 2026-27. This permanent tax cut will ensure that they benefit...
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