England to Cut Business Rates by 20% for Pubs, Clubs, and Music Venues
The reduction, affecting nearly 32,000 hospitality businesses, will take effect from April next year.
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Business rates will be cut by 20% for pubs, clubs, and live music venues in England starting April next year, according to a government announcement.
Hospitality businesses are expected to benefit from the discount.
A typical pub will save approximately £1,100 annually under the new measure. However, the very largest live music venues will not be eligible for the reduction.
Greater Manchester Mayor Andy Burnham previously pledged to raise taxes from e-commerce warehouses to fund the rate cut for hospitality businesses.
The government also announced it will review reliefs for what it described as 'anti-social' businesses. Kate Nicholls, chief executive of UKHospitality, stated that the hospitality sector has seen an additional £6bn in taxes over the last two years.
We are still awaiting the full details and eligibility criteria.
We welcome this as a positive down payment on the PM’s commitment.
Updates
The announced business rates reduction, introduced by Andy Burnham's government, currently excludes restaurants, cafes, hotels, and the largest live-music venues. Further details regarding eligibility criteria are expected at the autumn Budget, where the Prime Minister has reportedly committed to reviewing these provisions.
Politics Correspondent · Talivio News
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Sources
- — Business rates to be cut by 20% for England pubs, clubs and music venues (opens in a new window)
- — Andy Burnham to cut tax for pubs, clubs and live music in England and make vape shops pay more – business live (opens in a new window)
- — What we know about 20% cut to some business rates (opens in a new window)