Wholesale Trade: Business Rates
Commons · Question 36038 · Tabled 5 Mar 2025 · Treasury · Official record
Answered 13 Mar 2025
Question
Asked by 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
Answered by James Murray, 13 Mar 2025
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 ...