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Non-domestic Rates: Coronavirus

Question for Treasury

UIN HL8939, tabled on 8 October 2020

To ask Her Majesty's Government what assessment they have made of the impact of the COVID-19 pandemic on the future cost of business rates; and what plans they have to support businesses to afford any increase in those rates.

Answered on

22 October 2020

As part of its package to support businesses affected by COVID-19, the Government has provided a business rates holiday for eligible properties in retail, hospitality and leisure, worth £10 billion this year.

The Government has also postponed the next business rates revaluation until April 2023, in order to ensure that the revaluation better reflects the impact of COVID-19.

In addition, HM Treasury is conducting a fundamental review of business rates and invites stakeholders to contribute their views on all elements of the business rates system, including any future reliefs.

Answered by

Treasury