| answer text |
<p>The 2023-2024 Retail, Hospitality and Leisure (RHL) Business Rates Relief scheme
provides eligible, occupied, retail, hospitality and leisure properties with a 75
per cent relief, up to a cash cap limit of £110,000 per business. This was an expansion
from the 50 per cent rate in 2022-2023. Currently, around 230,000 properties are eligible
for this relief, representing a tax cut worth over £2 billion.</p><p> </p><p>Businesses
may also benefit from other business rates measures, including the multiplier freeze,
and the Supporting Small Business scheme, which caps bill increases at £600 per year
for businesses losing some or all of their eligibility for Small Business or Rural
Rate Relief due to the recent revaluation.</p><p> </p><p>Any future announcements
regarding business rates relief will be made at a fiscal event.</p>
|
 |
