Hospitality Industry: Business Rates
The question
To ask the Chancellor of the Exchequer, whether she will consider exempting larger hospitality venues from the business rates surcharge as part of her Department’s review of support for high street and community-based businesses.
Answered by Dan Tomlinson
In April 2026, the Government will introduce permanently lower business rates multipliers for retail, hospitality, and leisure (RHL) properties with rateable values (RVs) below £500,000. This permanent tax cut will ensure eligible RHL businesses benefit from much-needed certainty and support. The Government is sustainably funding this by introducing a higher tax rate on properties with RVs of £500,000 and above.
The final design, including the rates, for the new business rates multipliers will be announced at Budget 2025, so that the Government can factor the revaluation outcomes, as well as the broader economic and fiscal context, into decision-making.
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