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Hospitality Industry: Business Rates

Treasury written question – answered at on 12 September 2024.

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Photo of Stuart Andrew Stuart Andrew Assistant Whip, Opposition Chief Whip (Commons)

To ask the Chancellor of the exchequer, what business rate reliefs will be available in (a) 2024-25 and (b) 2025-26 to (i) pubs, (ii) restaurants and (iii) nightclubs; and what the thresholds and eligibility requirements are for each.

Photo of James Murray James Murray The Exchequer Secretary

The full set of business rate reliefs available in 2024-25 and the eligibility criteria for them can be found on gov.uk. This includes:

  • The 2024/25 Retail, Hospitality and Leisure (RHL) Relief which offers 75% rate relief up to a limit of £110,000 per RHL business.
  • Small Business Rate Relief (SBRR) which provides 100% rate relief for eligible properties with rateable values below £12,000 with tapered relief available for eligible properties with rateable values between £12,000-£15,000.

Any decisions on future tax policy will be announced by the Chancellor at a fiscal event.

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  • (Citation: HC Deb, 12 September 2024, cW)

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The Chancellor - also known as "Chancellor of the Exchequer" is responsible as a Minister for the treasury, and for the country's economy. For Example, the Chancellor set taxes and tax rates. The Chancellor is the only MP allowed to drink Alcohol in the House of Commons; s/he is permitted an alcoholic drink while delivering the budget.