Business Rates: Tax Allowances
The question
To ask the Chancellor of the Exchequer, what assessment she has the made of the potential impact of limiting extended business rates support to pubs on other hospitality, retail and leisure businesses.
Answered by Dan Tomlinson
Other RHL properties will continue to benefit from the wider £4.3 billion support package announced at Budget. This support package means most properties seeing increases will see them capped at 15% or less next year, or £800 for the smallest.
The Government is also introducing new permanently lower tax rates for eligible RHL properties. These new tax rates are worth nearly £1 billion per year and will benefit over 750,000 properties.
More broadly, later this year, the Government will bring forward a new High Streets Strategy to reinvigorate our communities. The Government will work with businesses and representative bodies to pull this Strategy together.
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