questionText: To ask the Chancellor of the Exchequer, what assessment she has made of the potential impact of (a) the withdrawal of the Retail, Hospitality and Leisure multiplier and (b) imposition of the new £500,000 multiplier on the marginal tax rate on business rate bills from April 2026 at the £500,000 Rateable Value; and what assessment she has made of the potential merits of tapering the multipliers in the same manner as small business rate relief.
answerText: As set out at Autumn Budget 2024, the Government intends to introduce permanently lower tax rates for retail, hospitality, and leisure (RHL) properties, with rateable values below £500,000 from 2026-27. This permanent tax cut will ensure that they benefit...
heading: Business Rates: Tax Allowances