PARLIAMENTARY WRITTEN QUESTION
Business Rates (28 June 2022)
Question Asked
To ask the Chancellor of the Exchequer, what plans the Government has to implement the findings of the fundamental review of business rates.
Asked by:
Gareth Bacon (Conservative)
Asked by:
Gareth Bacon (Conservative)
Answer
Following the review of business rates the government announced measures worth £7 billion for businesses over the next 5 years.
We have already started implementing the findings from the review, by freezing the multiplier in 2022/23, introducing a 50 per cent retail relief, and introducing new plant and machinery and heat networks reliefs.
Other reforms, including the new improvement relief, will be implemented from April 2023.
Answered by:
Lucy Frazer (Conservative)
28 June 2022
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