Press release
30 October 2024
Commenting on business rates, Mark Outtrim, real estate assistant director at Deloitte, said:
“Having been on a cliff edge, the extension of Retail, Hospitality and Leisure rates relief is a lifeline to pubs, hotels, cafés and shops across the country.
“This targeted relief will save a medium sized retail property with a rateable value of £45k, around £9k from their business rates bill. The announcement that the extension aims to support the transition to permanently lower tax rates for these businesses from 2026-27 also provides them with much needed long-term certainty. Meanwhile, larger businesses in these sectors that occupy multiple properties may be disappointed that the cap on relief was not increased.”
@DeloitteUK for live comment
Deloitte spokespeople
Deloitte has a range of spokespeople available to comment on today’s Autumn Budget. They can be reached on 0207 303 5054 or one of the following numbers:
• Ian Stewart – chief economist (07774 337 581)
• Amanda Tickel – head of tax policy (07825011798 / 07768178264)
• Rachel McEleney – personal tax (07825011798)
• Mark Outtrim – business rates (07774 337581)
• Ed Roddis – public sector (07785 682226)
• Toby Price – stamp duty (07990 434703)
• Leila Jiwnani – hospitality and leisure (07824 895798)
• James Clare – carried interest (07586 511104)
• Anthony Massey – energy tax (07774 337581)
About Deloitte
In this press release references to “Deloitte” are references to one or more of Deloitte Touche Tohmatsu Limited (“DTTL”) a UK private company limited by guarantee, and its network of member firms, each of which is a legally separate and independent entity. Please see deloitte.com/about for a detailed description of the legal structure of DTTL and its member firms.
Deloitte LLP is a subsidiary of Deloitte NSE LLP, which is a member firm of DTTL, and is among the UK's leading professional services firms.
The information contained in this press release is correct at the time of going to press.
For more information, please visit www.deloitte.co.uk.