Ensure future fiscal policy provides long-term certainty for GMVs, tapering any business rates relief reduction.
We welcome the Government’s decision to extend business rates relief for grassroots music venues until the end of the 24/25 billing year. However, while we understand that the conventions around Budget announcements are well-established, this continued uncertainty creates a new cliff-edge for the already precarious grassroots music sector. We recommend …
Government response. The government commits to providing fiscal certainty by introducing permanently lower tax rates for relevant properties from 2026-27, extending RHL relief at 40% for 2025-26, and freezing the small business multiplier for 2025-26.
Department for Culture, Media and Sport