To ask the Chancellor of the Exchequer, whether the £500,000 rateable value threshold will be uprated in April 2026 in line with the average percentage uplift in aggregate rateable values from the 2026 business rates revaluation.
The Government intends to introduce permanently lower tax rates for high street retail, hospitality, and leisure properties, with rateable values below £500,000, from 2026-27. This tax cut must be sustainably funded, and so the Government intends to apply...
Business Rates: Valuation