Retail Trade: Business Rates
The question
To ask the Chancellor of the Exchequer, what proportion of the (a) receipts and (b) total Rateable Value for the new business rates surcharge on hereditaments above £500,000 is levied on (i) large distribution warehouses and (ii) the retail sub-sector.
Answered by Treasury
The Government has set out the impacts of the high-value multiplier, including on retail, hospitality and leisure hereditaments here: https://www.gov.uk/government/publications/effects-of-the-business-rates-retail-hospitality-and-leisure-multipliers-and-high-value-multiplier/effects-of-the-business-rates-retail-hospitality-and-leisure-multipliers-and-high-value-multiplier
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