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<p>With the conclusion of the Business Rates Review, the Government has delivered
meaningful reform and tax cuts worth almost £7 billion to business over the next five
years.</p><p> </p><p>Businesses in the retail, hospitality, and leisure sector, including
pubs, currently receive a tax cut worth almost £1.7 billion in 2022-23. Eligible properties
receive 50 per cent off their business rates bill, up to a maximum of £110,000 per
business. In addition, around 700,000 properties are currently in receipt of Small
Business Rates Relief (SBRR), including pubs. Combined with Small Business Rates Relief,
this means over 90 per cent of retail, hospitality, and leisure businesses will receive
at least 50 per cent off their rates bills in 2022-23. We do not hold data on the
number of these businesses that are pubs. The Government also froze the multiplier
for 2022-23, which is a tax cut worth £4.6 billion to businesses over the next 5 years.</p><p>
</p><p>The announcements at Autumn Budget 2021 builds on over £16 billion of business
rates support already provided to the retail, hospitality, and leisure sectors throughout
the pandemic, including a business rates holiday for 2020-21 and a scheme worth £6
billion in 2021-22.</p><p> </p><p>Announcements on Business Rates for the upcoming
financial year will be made in due course.</p>
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