Non-domestic Rates: Greater London

(asked on 30th November 2017) - View Source

Question to the Department for Levelling Up, Housing & Communities:

To ask the Secretary of State for Communities and Local Government, what recent assessment he has made of the potential merits of raising the business rate thresholds for small firms located in London.


Answered by
Marcus Jones Portrait
Marcus Jones
Treasurer of HM Household (Deputy Chief Whip, House of Commons)
This question was answered on 7th December 2017

From April 2017 the Government increased the threshold for small business rate relief from £6,000 to £12,000. As a result over 600,000 small businesses pay no rates at all. The threshold for the standard business rates multiplier has also increased to £51,000, taking 275,000 smaller properties out of the higher rate.

The Government launched a further package of support for businesses following the revaluation, including over £120 million of support for businesses in London.

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