New Business Rates Reform Aims to Revitalize UK High Streets

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Date: 13th Nov, 2024 Source: In-House Country: United Kingdom

Brief

"On 13/11/2024", the "HM Treasury" issued an update regarding "Next steps set out to permanently cut business rates for the high street". The government is introducing legislation to permanently cut business rates for retail, hospitality, and leisure properties from 2026, funded by a tax rise on large online sales warehouses.

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