Business Rates: Tax Yields
Commons · Question 11930 · Tabled 30 Oct 2024 · Treasury · Official record
Answered 6 Nov 2024
Question
Asked by David Simmonds
To ask the Chancellor of the Exchequer, with reference to her Department's discussion paper entitled Transforming Business Rates, published on 30 October 2024, what the estimated yearly increase is in business rate receipts from the higher multiplier on h
Answer
Answered by James Murray, 6 Nov 2024
To protect the high street, the government intends to introduce permanently lower tax rates for high street Retail, Hospitality and Leisure properties from 2026-27. This tax cut must be sustainably funded, and the government intends to introduce a Large B...