Parliamentary Search

Written question asked by Clive Betts (Labour) on Tuesday, 10 March 2026, in the House of Commons. It was due for an answer on Monday, 16 March 2026 (named day). It was answered by Dan Tomlinson (Labour) on Monday, 16 March 2026 on behalf of the Treasury.

Hotels: Business Rates

Question

To ask the Chancellor of the Exchequer, what assessment she has made of the potential impact of the business rates system on the hotel sector.

Answer

At the Budget, the VOA announced updated property values from the 2026 revaluation. This revaluation is the first since the pandemic, which has led to significant increases in rateable values for some properties as they recover from the pandemic.

To respond to those who are seeing large increases, the Government has already acted to limit increases in bills, announcing a support package worth £4.3 billion package at the Budget.

The Government is also introducing new permanently lower tax multipliers for eligible retail, hospitality and leisure (RHL) properties. These new tax rates will benefit over 750,000 properties.

The Government has heard concerns from hotels about the ways they are valued for business rates and has committed to reviewing this.

Secondary information

Type
Written question
Reference
119222
Session
2024-26
Grouped for answer
Yes
Subjects
Hotels Business rates
Link
View this Written question on www.parliament.uk