Business Rates
Commons · Question 40774 · Tabled 24 Mar 2025 · Treasury · Official record
Answered 1 Apr 2025
Question
Asked by Joe Robertson
To ask the Chancellor of the Exchequer, if she will ensure that the proposed higher business rates multiplier for properties with a rateable value of £500,000 or more is index-linked.
Answer
Answered by James Murray, 1 Apr 2025
The Government intends to introduce permanently lower tax rates for retail, hospitality, and leisure properties, with rateable values below £500,000, from 2026-27. This tax cut must be sustainably funded, and so the Government intends to apply a higher ra...