To ask the Chancellor of the Exchequer, if he will extend the 75% reduction in business rates offered by the Retail, Hospitality, and Leisure relief scheme to cover the 2024-25 tax year.
Answered on
7 December 2023
At Autumn Statement 2023, the government announced it will extend the Retail, Hospitality and Leisure relief scheme at 75 per cent, up to a cash cap of £110,000 per business for 2024-25. Around 230,000 retail, hospitality and leisure properties will be eligible for this relief, a tax cut worth nearly £2.4 billion.
Answered by
Treasury