Question to the HM Treasury:
To ask the Chancellor of the Exchequer, whether business rate relief has been paid to businesses that are registered in tax havens.
On 17 March the Chancellor announced a business rates holiday for businesses in the retail, hospitality and leisure sectors, irrespective of rateable value, so that all eligible businesses will pay no business rates for 12 months. The Ministry of Housing, Communities and Local Government has published guidance for local authorities on eligibility. Business rates are administered by local authorities and any information on ratepayers will be collected and held by the relevant local authority.
The Government’s current support measures are well-targeted at the businesses and individuals who most need support, including foreign companies with businesses and property who employ people in the UK.