Business Rates: Tax Allowances
The question
To ask the Chancellor of the Exchequer, whether she has assessed the potential merits of applying the proposed 15% business rates relief for pubs to the hospitality, retail and leisure sectors.
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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