Hospitality Industry: Non-Domestic Rates

Treasury written question – answered on 12th February 2021.

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Photo of Steve Double Steve Double Conservative, St Austell and Newquay

To ask the Chancellor of the Exchequer, what assessment he has made of the potential effect of the re-introduction of business rates from 1 April 2021 on hospitality businesses.

Photo of Steve Double Steve Double Conservative, St Austell and Newquay

To ask the Chancellor of the Exchequer, what recent assessment he has made of the appropriateness of the valuation list of non-domestic business rates for hospitality businesses in view of the effect of the January 2021 covid-19 lockdown restrictions on that sector.

Photo of Jesse Norman Jesse Norman The Financial Secretary to the Treasury

This year the Government has provided an unprecedented business rates holiday for eligible retail, hospitality and leisure properties due to the direct adverse effects of COVID-19, worth about £10 billion, and has frozen the business rates multiplier for all businesses for 2021-22.

The Government has provided various schemes to support firms, including wholesalers, including Coronavirus Business Interruption Loans, Bounce Back Loans, grants and VAT deferrals.

The Budget will set out the next phase of the Government’s plans to tackle the virus, protect jobs and support business.

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