Business Rates: Tax Yields
The question
To ask the Chancellor of the Exchequer, pursuant to the Answer of 9 December 2024 to Question 16945 on Business Rates, if she will make an estimate of business rates receipts for (a) 2024-25 and (b) 2025-26 for England only.
Answered by James Murray
The Ministry of Housing, Communities & Local Government (MHCLG) publish non-domestic ratings receipts data and forecasts for the financial year ahead in England. As such, projections for non-domestic rates income for 2025-26 will be published in due course by MHCLG.
For 2024-25, local authorities estimate the non-domestic rating income to be £26.3 billion: https://www.gov.uk/government/statistics/national-non-domestic-rates-collected-by-councils-in-england-forecast-2024-to-2025/national-non-domestic-rates-collected-by-councils-in-england-forecast-for-2024-to-2025
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