Sportsgrounds: Business Rates
The question
To ask the Chancellor of the Exchequer, whether (a) football, (b) rugby and (c) cricket stadiums or clubs with a Rateable Value over £500,000 will be liable to pay the business rates Rateable Value multiplier surcharge from 2026-27.
Answered by James Murray
At Autumn Budget 2024, the Government announced its intention to introduce permanently lower tax rates for retail, hospitality and leisure (RHL) properties with Rateable Values below £500,000 from 2026-27. This permanent tax cut will ensure that high street RHL properties benefit from much-needed certainty and support. The Government intends to fund this by introducing a higher multiplier on all properties that have a rateable value (RV) of £500,000 and above.
The multiplier rates will be confirmed at Autumn Budget 2025.
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