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<p>At Autumn Statement 2022, the Government announced a package of changes and tax
cuts worth £13.6 billion to businesses over the next five years. This includes a freeze
to the business rates multiplier for 2023-24, a tax cut worth £9.3 billion over the
next 5 years, meaning all bills are 6% lower than without the freeze. The Government
also announced a generous Exchequer funded Transitional Relief scheme worth £1.6 billion,
which will protect an estimated 700,000 ratepayers facing bill increases at the revaluation.</p><p>
</p><p>The Government has no plans to re-introduce a nurseries relief at this time.</p><p>
</p><p>While we keep all taxes under review, we have no plans to make changes to the
VAT exemption which private nurseries and childcare providers currently enjoy.</p>
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