Business Rates: Tax Allowances
The question
To ask the Chancellor of the Exchequer, pursuant to the Answer of 11 November 2024 to Question 12457 on Music Venues: Business Rates, what the cost of Retail, Hospitality and Leisure business rate relief was in 2024-25.
Answered by James Murray
Discretionary relief is given to Retail, Hospitality and Leisure (RHL) properties at 75% for 2024-25, up to a cash cap of £110,000 per business. Based on local authorities’ Non-Domestic Rates form (NNDR1) returns, RHL relief is forecast to cost £2.4bn in 2024-25. The Ministry of Housing, Communities and Local Government (MHCLG) will subsequently publish outturn figures, based on data collected by local authorities, which set out the final amount of business rate relief which has been given to businesses over the 2024-25 financial year.
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