Pubs, hotels and gyms in Wales to get 30% business rates cut
Summary
The Welsh government will reduce business rates by 30% for pubs, hotels, gyms, and other hospitality and leisure businesses with smaller properties starting in April 2027. This cut will be funded by raising rates on the highest-value properties, so local authority funding will not decrease.Key Facts
- The 30% business rates cut applies to small and medium-sized hospitality, accommodation, and leisure businesses in Wales with a property rateable value under £51,000.
- The cut replaces a current temporary 15% reduction for hospitality businesses.
- Businesses with the highest-value properties, including some large hotels and supermarkets, will pay higher rates to fund the cut.
- The Welsh government collects these business rates and redistributes the money to local authorities.
- First Minister Rhun ap Iorwerth said the aim is to help businesses and communities thrive.
- Finance Minister Elin Jones said bigger businesses should share more of the tax burden, about 1 pence of every £1.
- UK Hospitality Cymru welcomed the cut but noted that hospitality businesses still face many taxes.
- In England, a 20% business rates cut for pubs and live music venues was also announced, starting in April 2027.
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