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1700392

registered interest
date	12/04/2024
answering body	Treasury
answering dept id	14
answering dept short name	Treasury
answering dept sort name	Treasury
hansard heading	Business Rates
house id	1
legislature	25259 pref label House of Commons
question text	To ask the Chancellor of the Exchequer, if he will make an assessment of the potential merits of increasing the threshold for business rates relief in line with inflation.
tabling member constituency	Rother Valley
tabling member printed	Alexander Stafford
uin	21279
answer	answer is ministerial correction date of answer 22/04/2024 answer text <p>Small Business Rate Relief (SBRR) is available to businesses with a single property below a set rateable value.</p><p> </p><p>At Autumn Statement 2023, the government announced a package of changes and tax cuts worth £4.3 billion, including a freeze to the small business multiplier for the fourth consecutive year in 2024-25, protecting over a million ratepayers from a multiplier increase.</p><p> </p><p><strong> </strong></p> answering member constituency Mid Worcestershire answering member printed Nigel Huddleston question first answered 22/04/2024 08:57:41 answering member 4407 label Biography information for Nigel Huddleston
tabling member	4866 label Biography information for Alexander Stafford

1667621

registered interest
date	07/11/2023
answering body	Treasury
answering dept id	14
answering dept short name	Treasury
answering dept sort name	Treasury
hansard heading	Business Rates
house id	1
legislature	25259 pref label House of Commons
question text	To ask the Chancellor of the Exchequer, what business rates will be in each of the next five years.
tabling member constituency	Bishop Auckland
tabling member printed	Dehenna Davison
uin	478
answer	answer is ministerial correction date of answer 15/11/2023 answer text <p>The Government froze the business rates multiplier for a third consecutive year in 2023-24, a tax cut worth £9.3 billion to business over the next 5 years. Overall, the Government has taken action to hold the tax rate steady, protecting businesses from inflationary pressures over the last three years at a cost of £14.5 billion to the Exchequer.</p><p> </p><p>Decisions on future business rates support will be made in due course.</p><p> </p> answering member constituency Mid Worcestershire answering member printed Nigel Huddleston question first answered 15/11/2023 15:12:32 answering member 4407 label Biography information for Nigel Huddleston
tabling member	4737 label Biography information for Dehenna Davison

1665909

registered interest
date	18/10/2023
answering body	Treasury
answering dept id	14
answering dept short name	Treasury
answering dept sort name	Treasury
hansard heading	Business Rates
house id	1
legislature	25259 pref label House of Commons
question text	To ask the Chancellor of the Exchequer, if he will make an assessment of the potential merits of retaining the business rates multiplier at the current level for the 2024-25 financial year.
tabling member constituency	Witham
tabling member printed	Priti Patel
uin	203287
answer	answer is ministerial correction date of answer 25/10/2023 answer text <p>The Government has taken action to hold the tax rate steady over the last three years, protecting businesses from inflationary pressures at a cost of £14.5 billion to the Exchequer.</p><p> </p><p>Most recently, the Government froze the business rates multiplier for a third consecutive year in 2023-24, a tax cut worth £9.3 billion to business over the next 5 years. This will support all ratepayers, large and small, with the revaluation in 2023, meaning bills are 6 per cent lower, before any reliefs or supplements are applied, than without the freeze.</p><p> </p><p>Decisions on the level of the multiplier for 2024-25 will be made in due course.</p> answering member constituency Louth and Horncastle answering member printed Victoria Atkins question first answered 25/10/2023 07:39:56 answering member 4399 label Biography information for Victoria Atkins
tabling member	4066 label Biography information for Priti Patel

1658478

registered interest
date	05/09/2023
answering body	Treasury
answering dept id	14
answering dept short name	Treasury
answering dept sort name	Treasury
hansard heading	Business Rates
house id	2
legislature	25277 pref label House of Lords
question text	To ask His Majesty's Government what plans they have to reduce the business rate multiplier in England and Wales.
tabling member printed	Lord Taylor of Warwick
uin	HL9917
answer	answer is ministerial correction date of answer 13/09/2023 answer text <p>At the Autumn Statement 2022, the Government announced a freeze to the business rates multiplier for 2023-24, a tax cut worth £9.3 billion over the next five years. This was the third consecutive year the multiplier has been frozen, protecting businesses from inflationary pressures at an overall cost of £14.5 billion.</p><p> </p><p>Business rates are an essential form of funding for local government to provide vital public services.</p><p> </p><p>The Government keeps all taxes under review.</p> answering member printed Baroness Penn question first answered 13/09/2023 13:00:26 answering member 4726 label Biography information for Baroness Penn
tabling member	1796 label Biography information for Lord Taylor of Warwick

1639825

registered interest
date	23/05/2023
answering body	Treasury
answering dept id	14
answering dept short name	Treasury
answering dept sort name	Treasury
hansard heading	Business Rates
house id	1
legislature	25259 pref label House of Commons
question text	To ask the Chancellor of the Exchequer, whether his Department has made a recent assessment of the extent to which business rates applicable to (a) small and (b) large businesses which mainly operate through physical premises adequately reflect their business costs.
tabling member constituency	Westmorland and Lonsdale
tabling member printed	Tim Farron
uin	186344
answer	answer is ministerial correction date of answer 05/06/2023 answer text <p>The recent revaluation of business rates, which came into effect on 1 April 2023, ensures rateable values, and therefore bills, more accurately reflect current market values. The Government is legislating for more frequent revaluations, from every 5 years to every 3 years, a key stakeholder ask which will permanently make the system fairer and more responsive for all ratepayers.</p><p> </p><p>The Government has also announced a package worth £13.6 billion over the next five years to support businesses with the revaluation, including:</p><ul><li>a freeze to the business rates multiplier for 2023-2024, a tax cut worth £9.3 billion over the next 5 years, meaning all bills are 6 per cent lower than without the freeze;</li><li>an increased 75 per cent relief for retail, hospitality and leisure properties, up to a cash cap of £110,000 per business for 2023-24. This is a tax cut worth over £2 billion for around 230,000 RHL businesses, to support the high street and protect small shops;</li><li>an Exchequer funded Transitional Relief scheme worth £1.6 billion to protect an estimated 700,000 ratepayers facing bill increases due to increases in rateable value;</li><li>£500 million of support over the next three years through a new Supporting Small Business scheme. This will cap bill increases to £50 per month for businesses losing some or all of their Small Business or Rural Rate Relief due to the revaluation.</li></ul><p> </p><p>Regarding small businesses, the Government has continued its generous Small Business Rate Relief scheme which means over a third of properties (720,000) pay no business rates at all, with an additional 76,000 in the taper benefitting from reduced bills.</p> answering member constituency Louth and Horncastle answering member printed Victoria Atkins question first answered 05/06/2023 11:08:01 answering member 4399 label Biography information for Victoria Atkins
tabling member	1591 label Biography information for Tim Farron

1609814

registered interest
date	14/04/2023
answering body	Treasury
answering dept id	14
answering dept short name	Treasury
answering dept sort name	Treasury
hansard heading	Business Rates
house id	1
legislature	25259 pref label House of Commons
question text	To ask the Chancellor of the Exchequer, what steps his Department is taking to modernise the business rates system.
tabling member constituency	Solihull
tabling member printed	Julian Knight
uin	179947
answer	answer is ministerial correction date of answer 19/04/2023 answer text <p>The Non-Domestic Rating (NDR) Bill, currently before the House, delivers a substantial set of reforms to the business rates system announced at the conclusion of the 2020 Review of Business Rates. The measures in the Bill will make business rates fairer for taxpayers, incentivise investment and decarbonisation, and improve the administration of the tax.</p><p> </p><p>The NDR Bill delivers:</p><ul><li>More frequent revaluations, from 5-yearly to 3-yearly, to make the business rates system fairer and more responsive for ratepayers</li><li>A new Improvement Relief to incentivise businesses to invest in their properties, and a Heat Networks Relief to encourage green investment</li><li>A reform to Transitional Relief to remove the requirement for revenue neutrality</li><li>Increased transparency in how rateable values are calculated</li></ul><ul><li>HMRC’s Digitalising Business Rates programme</li><li>Administrative reforms to make the system more efficient</li></ul> answering member constituency Louth and Horncastle answering member printed Victoria Atkins question first answered 19/04/2023 13:58:36 answering member 4399 label Biography information for Victoria Atkins
tabling member	4410 label Biography information for Julian Knight

1604778

registered interest
date	16/03/2023
answering body	Treasury
answering dept id	14
answering dept short name	Treasury
answering dept sort name	Treasury
hansard heading	Business Rates
house id	1
legislature	25259 pref label House of Commons
question text	To ask the Chancellor of the Exchequer, with reference to the forecast by the Office for Budget Responsibility of November 2022, what recent discussions he has had with that Office on the factors behind the projected increase in revenue from business rates.
tabling member constituency	Waveney
tabling member printed	Peter Aldous
uin	167093
answer	answer is ministerial correction date of answer 21/03/2023 answer text <p>OBR forecasts are produced independently of ministers, objectively, transparently and impartially, as set out clearly by law. The spring forecast is available at: <a href="https://obr.uk/efo/economic-and-fiscal-outlook-march-2023/" target="_blank">https://obr.uk/efo/economic-and-fiscal-outlook-march-2023/</a></p><p> </p><p>For the spring forecast, the OBR have been engaged with the Treasury in the normal way and there have been regular discussions of the economic and fiscal outlook.</p><p> </p><p>As set out in the Memorandum of Understanding between HM Treasury and the OBR, the forecast process involves the OBR producing multiple draft iterations of the forecasts which it shares with the Chancellor.</p><p> </p><p>With regard to business rates, the 5-year forecast takes account of the Government’s £13.6 billion package of support announced at Autumn Statement 2022, and annual CPI indexation of the multiplier.</p><p> </p><p>Future decisions regarding business rates will be taken in line with the normal Budget process.</p> answering member constituency Louth and Horncastle answering member printed Victoria Atkins question first answered 21/03/2023 15:58:17 answering member 4399 label Biography information for Victoria Atkins
tabling member	4069 label Biography information for Peter Aldous

1603642

registered interest
date	13/03/2023
answering body	Treasury
answering dept id	14
answering dept short name	Treasury
answering dept sort name	Treasury
hansard heading	Business Rates
house id	1
legislature	25259 pref label House of Commons
question text	To ask the Chancellor of the Exchequer, whether he plans to reform business rates at the Spring Budget.
tabling member constituency	Sefton Central
tabling member printed	Bill Esterson
uin	163849
answer	answer is ministerial correction date of answer 16/03/2023 answer text <p>At Autumn Statement 2022, the Government announced a package of changes and tax cuts worth £13.6 billion over the next five years. The package contains new measures to reduce the burden of business rates, including a freeze in the multiplier, extended relief for high street businesses, and targeted support for small businesses.</p><p> </p><p>As part of the 2020 Business Rates Review, the Government committed to more frequent revaluations from 2023, which represents significant reform of the system and will ensure that liabilities are more responsive to changing market conditions. The Government is also permanently scrapping downwards caps from Transitional Relief, so that businesses will see the full benefit of falling bills immediately, meeting a key business ask. Alongside the Government’s commitment to more frequent revaluations this represents significant reform and will make the system fairer and more responsive for all ratepayers.</p><p> </p> answering member constituency Louth and Horncastle answering member printed Victoria Atkins question first answered 16/03/2023 16:16:51 answering member 4399 label Biography information for Victoria Atkins
tabling member	4061 label Biography information for Bill Esterson

1568279

registered interest
date	18/01/2023
answering body	Treasury
answering dept id	14
answering dept short name	Treasury
answering dept sort name	Treasury
hansard heading	Business Rates
house id	1
legislature	25259 pref label House of Commons
question text	To ask the Chancellor of the Exchequer, how many businesses are paying (a) higher and (b) smaller multiplier rates.
tabling member constituency	South Cambridgeshire
tabling member printed	Anthony Browne
uin	126849
answer	answer is ministerial correction date of answer 25/01/2023 answer text <p>The small business multiplier for 2022-23 is 49.9p and the standard multiplier is 51.2p. These rates will remain the same for 2023-24.</p><p> </p><p>The Department for Levelling Up, Housing and Communities publishes statistics on the numbers of businesses that pay each multiplier. These statistics are available at: <a href="https://assets.publishing.service.gov.uk/government/uploads/system/uploads/attachment_data/file/1060753/NNDR1_2022-23_Supplementary_table_ecomms.xlsx" target="_blank"><em>https://assets.publishing.service.gov.uk/government/uploads/system/uploads/attachment_data/file/1060753/NNDR1_2022-23_Supplementary_table_ecomms.xlsx</em></a></p> answering member constituency Louth and Horncastle answering member printed Victoria Atkins question first answered 25/01/2023 16:50:12 answering member 4399 label Biography information for Victoria Atkins
tabling member	4801 label Biography information for Anthony Browne

1568280

registered interest
date	18/01/2023
answering body	Treasury
answering dept id	14
answering dept short name	Treasury
answering dept sort name	Treasury
hansard heading	Business Rates
house id	1
legislature	25259 pref label House of Commons
question text	To ask the Chancellor of the Exchequer, what proportion of business rates revenue came from (a) higher and (b) smaller multiplier rates bands in each of the last ten years.
tabling member constituency	South Cambridgeshire
tabling member printed	Anthony Browne
uin	126850
answer	answer is ministerial correction date of answer 25/01/2023 answer text <p>The Government does not collect data on total business rates yield disaggregated by ratepayers paying the small and large multiplier multipliers.</p> answering member constituency Louth and Horncastle answering member printed Victoria Atkins question first answered 25/01/2023 16:47:35 answering member 4399 label Biography information for Victoria Atkins
tabling member	4801 label Biography information for Anthony Browne