Private Education: Fylde
The question
To ask the Chancellor of the Exchequer, if she will make an estimate of the revenue from applying business rates to independent schools in Fylde constituency in the next financial year.
Answered by James Murray
At Autumn Budget 2024, the Government reconfirmed that it is removing private schools’ eligibility for charitable rate relief under business rates in England from April 2025. This intervention will raise around £140 million per year.
Business rates retention means that local authorities retain a proportion of all business rates revenue. As such, the increase in rates receipts due to the reduction in charitable rate relief for private schools will be shared between central and local government.
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