Question to the HM Treasury:

To ask the Chancellor of the Exchequer, whether the new retail, hospitality and leisure multiplier from 2026-27 will be higher in (a) value and (b) scope than the 2025-26 RHL relief.

To deliver our manifesto pledge, we intend 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 RHL businesses benefit from much-needed certainty and support.

Ahead of these new multipliers being introduced, we have prevented the current RHL relief from ending in April 2025, extending it for one year at 40 per cent up to a cash cap of £110,000 per business.

Eligibility for the new RHL multipliers is intended to broadly reflect the scope of the existing RHL relief scheme, and will be set out in legislation later this year.

The rates of the RHL multipliers will be set at Budget 2025 so that the Government can take into account the upcoming revaluation outcomes as well as the economic and fiscal context.