House of Commons · Written Ministerial Statement
Business rates reliefs
27 January 2020 · Treasury
Proposed by Jesse Norman Con Hereford and South Herefordshire
Summarised by AI from the official record, so it can contain mistakes.
At a glance
Key points
- Business rates relief for retail businesses in England is being increased to 50% for eligible entities.
- The Government is extending the business rates relief to include music venues and cinemas.
- An additional 1,000 discount is being provided specifically for pubs.
- Local newspaper offices will continue to receive a discount on their office space until March 2025.
Issue summary
The statement addresses business rates reliefs, focusing on increases and extensions of discounts for various sectors.
Action requested
The Government is increasing the retail discount to 50% for eligible businesses in England, extending it to music venues and cinemas, providing an additional £1,000 discount for pubs, and extending the local newspapers office space discount until March 2025. Local authorities are expected to implement these changes promptly.
Key facts
- The retail discount will be increased from one-third to 50% in 2020/21.
- The extension of the £1,500 business rates discount for local newspapers office space applies until March 31, 2025.
- Eligible pubs with a rateable value less than £100,000 will receive an additional £1,000 discount in 2020/21.
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Assessment & feedback
Summary accuracy