Press release

27 Oct 2021 London, GB

Business Rates – a halfway house?

The Chancellor announced a number changes to business rates today, which fell short of what some had called for. Nevertheless, business rates were cut in half for a further year for those in the retail, hospitality and leisure business, including local pubs/halfway houses.

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Adam Holden

Senior Manager, Media Relations, Ernst & Young LLP

Passionate media relations and public relations professional helping to provide insight and clarity to complex business issues. Husband and father to twin boys, and a golden retriever.

Related topics Tax

Chris Sanger, EY’s Head of Tax Policy, comments on the Chancellor’s Business Rates announcement:

“The Chancellor announced a number changes to business rates today, which fell short of what some had called for. Nevertheless, business rates were cut in half for a further year for those in the retail, hospitality and leisure business, including local pubs/halfway houses. Beyond this, the Chancellor removed next year’s inflationary increase and finally addressed a long-awaited anomaly that penalised improvements for greening buildings, something that has been on the “to do list” of at least the last three Chancellors. 

“With revaluations moved to every three years, the Chancellor has improved the system. However, beyond the immediate cut, this still leaves retailers paying almost five times more in business rates than their share of the economy. The half price offer for the next year will help, but does not address the long-term issue.”

Autumn Budget 2021

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