Hospitality Industry: Non-domestic Rates

(asked on 11th February 2021) - View Source

Question to the HM Treasury:

To ask the Chancellor of the Exchequer, if he will extend the business rates holiday for hospitality businesses to 1 April 2022.


Answered by
Jesse Norman Portrait
Jesse Norman
This question was answered on 22nd 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 over £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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