HMT publishes interim report on business rates review

Released 23 March 2021

HM Treasury (HMT) has published an interim report in connection with the ongoing review of business rates.

The report contains a summary of responses to the recent call for evidence, and sets out the policy decisions announced at the 2021 Budget on 3 March 2021.

In his 2021 Budget statement, the Chancellor announced that the 100% business rates holiday will continue for the first three months of the year, through to June. For the remaining nine months of the year, the discount will be two-thirds, up to a value of £2m for closed businesses, with a lower cap for those who have been able to stay open.

View the interim report.

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