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The Welsh government will implement a 30% cut in business rates for hospitality and leisure venues starting April 2027, aimed at supporting small and medium-sized businesses. The cut will be funded by an increase in rates for higher-value properties, and it replaces a temporary 15% reduction. Industry representatives have welcomed the change but noted ongoing challenges related to taxation and inflation.
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The Welsh government will implement a 30% cut in business rates for hospitality and leisure venues starting April 2027, aimed at supporting small and medium-sized businesses. The cut will be funded by an increase in rates for higher-value properties, and it replaces a temporary 15% reduction. Industry representatives have welcomed the change but noted ongoing challenges related to taxation and inflation.
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Pubs, hotels and gyms in Wales to get 30% business rates cut
Wales to Implement 30% Business Rates Cut for Hospitality and Leisure Venues