Business Rates: Tax Allowances
Commons · Question 122480 · Tabled 20 Mar 2026 · Treasury · Official record
Answered 30 Mar 2026
Question
Asked by Sir Julian Smith
To ask the Chancellor of the Exchequer, if she will make an assessment of the potential merits of introducing the full 20p discount to the business rates multiplier for retail, hospitality and leisure.
Answer
Answered by Dan Tomlinson, 30 Mar 2026
The 5p reduction in the Retail, Hospitality and Leisure (RHL) multipliers is worth nearly £1 billion per year and will benefit over 750,000 properties. Unlike RHL relief, the new multipliers are permanent, giving businesses certainty and stability, and th...