Business Rates

Treasury written question – answered at on 22 April 2024.

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Photo of Alexander Stafford Alexander Stafford Conservative, Rother Valley

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.

Photo of Nigel Huddleston Nigel Huddleston The Financial Secretary to the Treasury

Small Business Rate Relief (SBRR) is available to businesses with a single property below a set rateable value.

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.

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