This bill changes England's business rates system by introducing higher tax rates for large businesses (£500k+ properties) and lower rates for retail, hospitality and leisure businesses, while removing charitable tax relief for private schools.
A Bill to make provision for, and in connection with, the introduction of higher non-domestic rating multipliers as regards large business hereditaments, and lower non-domestic rating multipliers as regards retail, hospitality and leisure hereditaments, in England and for the removal of charitable relief from non-domestic rates for private schools in England.
Status: Act of Parliament
Current House: Unassigned
Stage: Royal Assent
Sponsored by: Angela Rayner, Lord Khan of Burnley
Introduced: 2024-11-13
Royal Assent: 2025-04-03