questionText: 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.
answerText: 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...
heading: Business Rates: Valuation