The UK Treasury has initiated a review of business rate calculations for pubs and hotels, aiming to improve fairness and transparency. The review, led by Jerry Schurder, will gather evidence from industry stakeholders and report recommendations by March 2027.
This review could lead to significant changes in how pubs and hotels are taxed, potentially easing financial burdens on these vital hospitality businesses and impacting local economies.
The UK government is undertaking a review of business rate valuations for pubs and hotels in England and Wales, aiming to create a fairer and more transparent system. This initiative follows previous announcements, including a 20% business rate cut for pubs and venues by Andy Burnham. The Treasury has launched the review, which will involve gathering evidence from industry stakeholders such as landlords, brewers, and hoteliers. James Murray, Financial Secretary to the Treasury, emphasized the vital role of these businesses in communities and economic growth, stating the need for a rethink of valuations. The independent review will be led by Jerry Schurder, a specialist in business rates, who will assess the current valuation methodologies and report recommendations by the end of March 2027. The government indicated that further reforms, including small business rates relief, may be outlined in the autumn Budget.
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