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. This includes an increased 75 per
cent relief for retail, hospitality and leisure (RHL) properties, up to a cash cap
of £110,000 per business for 2023-24.</p><p> </p><p>This is a tax cut worth over £2
billion for around 230,000 RHL businesses, to support the high street and protect
small shops. This support builds on the previous temporary 50 per cent RHL scheme
announced at Autumn Budget 2021, as well as the unprecedented £16 billion of relief
provided to the retail, hospitality and leisure sectors throughout the pandemic.</p><p>
</p><p>Local Authorities determine eligibility for the 2023-24 scheme with regard
to Government guidance which can be found at: <a href="https://www.gov.uk/government/publications/business-rates-relief-202324-retail-hospitality-and-leisure-scheme-local-authority-guidance"
target="_blank"><em>https://www.gov.uk/government/publications/business-rates-relief-202324-retail-hospitality-and-leisure-scheme-local-authority-guidance</em></a></p>
|
|