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Business rates budget statement

Autumn Statement 2023 business rates measures

At the Autumn Statement on 22 November 2023, the Chancellor announced that the Government would provide a package of measures to support businesses in England, worth an estimated £4.3 billion over the next five years.

For 2024/2025 the Chancellor announced:

  • the small business multiplier will be frozen at 49.9p
  • the standard multiplier will be uprated in April by September’s CPI figure (6.7%), increasing the multiplier from 51.2p to 54.6p
  • the Retail, Hospitality and Leisure (RHL) scheme will be extended for a fifth year into 2024/2025, retaining the existing scope and providing eligible properties with 75% relief, up to a cap of £110,000 per business

Government will issue full details of the schemes which will have effect from 1 April 2024

Contact us - Business rates

0845 300 2839
(Text phone users add 18001 before dialing)

Vale of White Horse District Council
PO Box 161