Hospitality Industry: Non-Domestic Rates

(asked on 3rd February 2021) - View Source

Question to the HM Treasury:

To ask the Chancellor of the Exchequer, what recent assessment he has made of the appropriateness of the valuation list of non-domestic business rates for hospitality businesses in view of the effect of the January 2021 covid-19 lockdown restrictions on that sector.


Answered by
Jesse Norman Portrait
Jesse Norman
This question was answered on 12th February 2021

This year the Government has provided an unprecedented business rates holiday for eligible retail, hospitality and leisure properties due to the direct adverse effects of COVID-19, worth about £10 billion, and has frozen the business rates multiplier for all businesses for 2021-22.

The Government has provided various schemes to support firms, including wholesalers, including Coronavirus Business Interruption Loans, Bounce Back Loans, grants and VAT deferrals.

The Budget will set out the next phase of the Government’s plans to tackle the virus, protect jobs and support business.

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