Retail Trade: Business Rates

Summary

To ask the Chancellor of the Exchequer, what assessment she has made of the potential impact of the decision to apply a higher multiplier to all properties with a rateable value of £500,000 or above on (a) large supermarkets and (b) department stores.

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Timeline

1. 2 December 2024

   Written question

   To ask the Chancellor of the Exchequer, what assessment she has made of the potential impact of the decision to apply a higher multiplier to all properties with a rateable value of £500,000 or above on (a) large supermarkets and (b) department stores.

   Source: Commons

2. 10 December 2024

   Answer

   At Autumn Budget 2024, the Government announced its intention 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 b...

   Source: Written answer

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• · Treasury · Answering body

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