Business Rates
The question
To ask the Chancellor of the Exchequer, pursuant to the Answer of 25 July 2024 to Question 409 on Business Rates, whether she plans to take steps to review business rate (a) poundage, (b) reliefs, (c) multipliers and (d) valuations.
Answered by James Murray
The government is committed to a business rates system which raises the same revenue but in a fairer way. The government has pledged to level the playing field between the high street and online giants, incentivise investment, tackle empty properties and support entrepreneurship.
The government will work closely with all stakeholders, including those businesses that shoulder the greatest burden from business rates, as it develops the detail of its reforms. The Government will set out further details in due course.
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