29/10/2026
Yesterday the Chancellor delivered the Autumn Budget, announcing a number of Business Rates measures with a particular focus on the Retail, Hospitality and Leisure industry.
Most notably independent Retail, Hospitality and Leisure businesses will benefit from increased Small Business Rate Relief thresholds removing liability for an estimated 70,000 businesses.
Larger Retail, Hospitality and Leisure businesses will have their rates frozen in real terms; meaning an increase of 3.5% in for 27/28 and September 2027’s CPI figure for 28/29.
This is being funded by the removal of relief for Adult Gaming Centres and V**e Shops.
Pubs and Live Music Venues are to receive 35% off their bills in both 2027/28 and 2028/29, an increase from the 15% they received in 2026/27.
The Government have also announced the introduction of a General Anti-Avoidance Rule providing Local Authorities with additional powers to combat Business Rates avoidance.
These are welcome changes and will make meaningful differences to High Street businesses.
However, businesses outside the scope will be left wondering why the increased Small Business Rate Relief threshold does not apply to them. The current thresholds have been in place for approaching 10 years despite huge increases to rateable values in that time.
Little has been done to address the increased complexity in the Business Rates system, if anything, it can be said this Budget provides further intricacies for businesses to navigate.
If you have questions about how the Budget impacts your Business Rates liability, please do get in touch on 01285 422100 or [email protected].