Business Rates: Tax Allowances
The question
To ask the Chancellor of the Exchequer, pursuant to the Answer of 14 March 2025 to Question 36094 on Business Rates: Tax Allowances, if she will consider a tapering system as part of the new multiplier arrangements.
Answered by James Murray
The Autumn Budget 2024 announcements reflect the Government’s first steps to support the high street. We want to go further to modernise the business rates system, and so, we also published a Discussion Paper setting out priority areas for reform and inviting stakeholders to engage. As set out in the Discussion Paper, one of the areas the Government is interested in hearing about includes the presence of cliff-edges in the system.
Stakeholder representations will be considered when developing options for reform. In summer, the government will publish an interim report that sets out a clear direction of travel for the business rates system, with further policy detail to follow at the Budget this Autumn.
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