Business Rates: Tax Yields

(asked on 9th January 2025) - View Source

Question to the HM Treasury:

To ask the Chancellor of the Exchequer, pursuant to the Answer of 9 December 2024 to Question 16945 on Business Rates, if she will make an estimate of business rates receipts for (a) 2024-25 and (b) 2025-26 for England only.


Answered by
James Murray Portrait
James Murray
Exchequer Secretary (HM Treasury)
This question was answered on 17th January 2025

The Ministry of Housing, Communities & Local Government (MHCLG) publish non-domestic ratings receipts data and forecasts for the financial year ahead in England. As such, projections for non-domestic rates income for 2025-26 will be published in due course by MHCLG.

For 2024-25, local authorities estimate the non-domestic rating income to be £26.3 billion: https://www.gov.uk/government/statistics/national-non-domestic-rates-collected-by-councils-in-england-forecast-2024-to-2025/national-non-domestic-rates-collected-by-councils-in-england-forecast-for-2024-to-2025

Reticulating Splines