JP Morgan: Business Rates
(asked on 20th October 2026) - View Source
Question to the HM Treasury:
To ask the Chancellor of the Exchequer, pursuant to the answer of 13 October 2026, to Question 20296, on JP Morgan: Business Rates, on what date will the business rate relief start, and what is the financial value of the cap.
This question was answered on 28th October 2026
A new building becomes liable for business rates when it is practically complete and ready for occupation for the purpose for which it was intended.
The financial value of the cap on the business rates relief is covered by confidentiality provisions and is subject to a subsidy control process. It has been calculated to ensure that the programme delivers value for money for the taxpayer.