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United Kingdom · Question · Written question

UIN 69830

Business Rates

Original

answeredUnited Kingdom· UK Parliament· EN

Introduced

22 July 2025

Last action

4 September 2025 · Answer

Status

Answered

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Discovery layer

Source updated

4 September 2025

Summary

To ask the Chancellor of the Exchequer, whether the new surcharge on hereditaments with Rateable Values above £500,000 from 2026-27 will be revenue-neutral in relation to the cost of the new Retail, Hospitality and Leisure rate multiplier from the 2026-27

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Timeline

  1. 22 July 2025

    Written question

    To ask the Chancellor of the Exchequer, whether the new surcharge on hereditaments with Rateable Values above £500,000 from 2026-27 will be revenue-neutral in relation to the cost of the new Retail, Hospitality and Leisure rate multiplier from the 2026-27

    Source: Commons

  2. 4 September 2025

    Answer

    To deliver our manifesto pledge, we intend to introduce permanently lower tax rates for high street retail, hospitality, and leisure (RHL) properties with Rateable Values (RVs) below £500,000 from 2026-27.This tax cut must be sustainably funded, and so we...

    Source: Written answer

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