Wholesale Trade: Business Rates
Commons · Question 31837 · Tabled 21 Feb 2025 · Treasury · Official record
Answered 28 Feb 2025
Question
Asked by Martin Vickers
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
Answered by James Murray, 28 Feb 2025
As 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...