{"value":{"id":1752276,"askingMemberId":4474,"askingMember":null,"house":"Commons","memberHasInterest":false,"dateTabled":"2025-01-03T00:00:00","dateForAnswer":"2025-01-07T00:00:00","uin":"21633","questionText":"To ask the Chancellor of the Exchequer, whether properties with a rateable value of £15,000 or less will be able to continue to claim Small Business Rate Relief for the 2026-27 year.","answeringBodyId":14,"answeringBodyName":"Treasury","isWithdrawn":false,"isNamedDay":false,"groupedQuestions":[],"answerIsHolding":false,"answerIsCorrection":false,"answeringMemberId":4797,"answeringMember":null,"correctingMemberId":null,"correctingMember":null,"dateAnswered":"2025-01-13T00:00:00","answerText":"<p>Small Business Rate Relief (SBRR) is available to businesses with a single property below a set rateable value. Eligible properties under £12,000 receive 100 per cent relief, which means over a third of businesses in England (more than 700,000) pay no business rates at all. There is also tapered support available to properties valued between £12,000 and £15,000.</p><p> </p><p>The government is committed to retaining SBRR, which is a permanent relief set down in legislation. As highlighted in the <em>Transforming Business Rates </em>Discussion Paper, the Government is interested in hearing stakeholders’ views on whether the current eligibility criteria impact businesses' incentives to invest and expand into a second property.</p>","originalAnswerText":"","comparableAnswerText":"","dateAnswerCorrected":null,"dateHoldingAnswer":null,"attachmentCount":0,"heading":"Small Businesses: Business Rates","attachments":[],"groupedQuestionsDates":[]},"links":[{"rel":"self","href":"/Questions/1752276","method":"GET"}]}