Business Rates: Tax Yields
The question
To ask the Chancellor of the Exchequer, what estimate she has made of gross business rate receipts in (a) England and (b) the United Kingdom in (i) 2024-25, (ii) 2025-26 and (iii) 2026-27 following changes to pub and live music relief.
Answered by Dan Tomlinson
Business rates are a devolved tax. Details on business rates receipts in England can be found on page 112 of the Office for Budget Responsibility’s March 2026 Economic and Fiscal Outlook.
The Barnett formula applied in the normal way, as set out in the Statement of Funding Policy, to changes in business rates revenue.
A breakdown of Barnett consequentials for the Devolved Governments as a result of decisions at Spring Forecast will be reflected in the next iteration of the Block Grant Transparency publication.
Verbatim has judged this answer against the question that was actually asked — answered, partly answered, or evaded. Sign in to see the verdict →