Written Question·Treasury·UIN 36038

Wholesale Trade: Business Rates

Tabled: 5 March 2025

Answered: 13 March 2025

Question

Gregory Stafford

To ask the Chancellor of the Exchequer, what estimate she has made of the potential impact of the higher multiplier on properties with RV of £500,000 and above on the food and drink wholesale sector.

Answer

James Murray

To deliver our manifesto pledge, from 2026-27, we intend to introduce permanently lower tax rates for high street retail, hospitality, and leisure (RHL) properties, with rateable values below £500,000. This permanent tax cut will ensure that they benefit ...

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