Business Rates: Tax Allowances
(asked on 7th November 2023) - View Source
Question to the HM Treasury:
To ask the Chancellor of the Exchequer, if he will make it his policy to extend the Retail, Hospitality and Leisure Business Rates Relief Scheme beyond the current deadline.
This question was answered on 15th November 2023
At Autumn Statement 2022 the Government announced an increased 75% relief for retail, hospitality and leisure properties, up to a cash cap of £110,000 per business for 2023-24. This is a tax cut worth over £2 billion for around 230,000 RHL businesses, to support the high street and protect small shops.
Decisions on future business rates support will be made in due course.