Non-domestic Rates

(asked on 26th November 2021) - View Source

Question to the HM Treasury:

To ask the Chancellor of the Exchequer, what the total rateable value and number of (a) retail, (b) hospitality and (c) leisure properties is in England; and what proportion of those properties by (i) total rateable values and (ii) number will not benefit from the 50 per cent rates discount from 1 April 2022 as a result of the £110,000 cash cap announced in the 2021 Autumn Budget and Spending Review.


Answered by
Lucy Frazer Portrait
Lucy Frazer
Secretary of State for Culture, Media and Sport
This question was answered on 1st December 2021

The Valuation Office Agency publish data for the total rateable value for different property types here: https://www.gov.uk/government/statistics/non-domestic-rating-stock-of-properties-including-business-floorspace-2021

The Government is delivering a tax cut worth almost £1.7 billion for retail, hospitality, and leisure businesses in the year 2022-23. Eligible properties will receive 50 per cent off their business rates bill, up to a maximum of £110,000 per business.

Together, the new Retail, Hospitality and Leisure Relief and the Small Business Rates Relief will mean that over 90 per cent of retail, hospitality and leisure businesses will receive at least a 50 per cent reduction in their business rates bills in the year 2022-23.

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