{"value":{"id":1815665,"askingMemberId":5040,"askingMember":null,"house":"Commons","memberHasInterest":false,"dateTabled":"2025-06-23T00:00:00","dateForAnswer":"2025-06-25T00:00:00","uin":"61952","questionText":"To ask the Chancellor of the Exchequer, if she will exempt hospitality businesses from the business rates surcharge.","answeringBodyId":14,"answeringBodyName":"Treasury","isWithdrawn":false,"isNamedDay":false,"groupedQuestions":[],"answerIsHolding":false,"answerIsCorrection":false,"answeringMemberId":4797,"answeringMember":null,"correctingMemberId":null,"correctingMember":null,"dateAnswered":"2025-07-01T00:00:00","answerText":"<p>To deliver our manifesto pledge, we intend to introduce permanently lower tax rates for retail, hospitality, and leisure (RHL) properties with rateable values below £500,000 from 2026-27. This permanent tax cut will ensure that RHL businesses benefit from much-needed certainty and support.</p><p>This tax cut must be sustainably funded, and so we intend to apply a higher multiplier from 2026-27 on the most valuable properties - those with rateable values of £500,000 and above. These represent less than one per cent of all properties, but cover the majority of large distribution warehouses, including those used by online giants.</p>","originalAnswerText":"","comparableAnswerText":"","dateAnswerCorrected":null,"dateHoldingAnswer":null,"attachmentCount":0,"heading":"Hospitality Industry: Business Rates","attachments":[],"groupedQuestionsDates":[]},"links":[{"rel":"self","href":"/Questions/1815665","method":"GET"}]}