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Business Rates: Tax Allowances

Asked by David SimmondsConservativeTreasuryTabled Answered 8 September 2026UIN 22094

The question

To ask the Chancellor of the Exchequer, with reference to his Department's guidance entitled Business Rates Multipliers: Qualifying Retail, Hospitality or Leisure, updated on 30 March 2026, for what policy reason (a) banking hubs and (b) cash machines on high streets are excluded from the Retail, Hospitality and Leisure multiplier.

Answered by Treasury

Banking hubs and cash machines are excluded because their primary function is the provision of financial services rather than retail, hospitality or leisure activity. Their location on a high street does not, in itself, bring them within the scope of the RHL multipliers.

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