Business rates to be cut by 20% for England pubs, clubs and music venues
Summary
The UK government will cut business rates by 20% for pubs, clubs, and live music venues in England starting April next year. This will help about 32,000 hospitality businesses save money, funded by reviewing tax reliefs for other businesses and stricter rules on online marketplaces.Key Facts
- Business rates will be reduced by 20% for pubs, clubs, and live music venues in England from April next year.
- Around 32,000 hospitality businesses will benefit from this discount.
- A typical pub is expected to save about £1,100 each year.
- Very large live music venues will not get the discount.
- The government will fund these cuts by reviewing tax reliefs for businesses that don’t contribute positively to communities, like vape shops.
- There will be a crackdown on online marketplaces that don’t follow tax rules.
- The government plans more changes to business rates, including help for small businesses, to be announced at the budget.
- Andy Burnham supports protecting pubs and local high streets, seeing them as important community centers.
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