In the upcoming financial year of 2025/26, business rates bills in England are set to rise by £1.5 billion, equating to a 5.7% increase. This hike particularly affects the retail, leisure, and hospitality sectors, where over 252,000 properties are projected to see tax demands grow by an average of 140%. The government is reducing discounts on these business rates from £2.41 billion to £1.38 billion, disproportionately impacting London and pushing many small businesses to face substantial increases in their tax bills.
The overall business rates in England will rise by £1.5 billion for the 2025/26 financial year, hitting retail, leisure, and hospitality sectors hard.
The cutting of business rates discounts for over 252,000 high street properties will add an additional £1.03 billion in tax liabilities for businesses.
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