Source · Select Committees · Culture, Media and Sport Committee
Seventh Report - Grassroots music venues
Culture, Media and Sport Committee
HC 527
Published 11 May 2024
Recommendations
10
Accepted
Ensure future fiscal policy provides long-term certainty for GMVs, tapering any business rates relief reduction.
Recommendation
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 …
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Government Response Summary
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
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