Lords completes examination of non-domestic rating bill
UK
21.03.2025 - 20:40, Update:
21.03.2025 - 20:40
Lords completes examination of non-domestic rating bill
The Non-Domestic Rating (Multipliers and Private Schools) Bill has its third reading, a chance for members to make sure the eventual law is effective, workable and without loopholes, on Monday 24 March.
The Non-Domestic Rating (Multipliers and Private Schools) Bill contains a range of measures that will allow HM Treasury to:
introduce lower non-domestic rating multipliers for retail, hospitality and leisure properties
introduce higher multipliers for large companies whose properties exceed £500,000
remove the rate relief from private schools registered as charities.
Third reading
Third reading is the chance for members to ‘tidy up' a bill, making small changes to ensure it is effective.
Members have put forward amendments (PDF) to the bill on private schools and when the bill will take effect.
The Non-Domestic Rating (Multipliers and Private Schools) Bill has its third reading, a chance for members to make sure the eventual law is effective, workable and without loopholes, on Monday 24 March.
The Non-Domestic Rating (Multipliers and Private Schools) Bill contains a range of measures that will allow HM Treasury to:
- introduce lower non-domestic rating multipliers for retail, hospitality and leisure properties
- introduce higher multipliers for large companies whose properties exceed £500,000
- remove the rate relief from private schools registered as charities.
Third reading
Third reading is the chance for members to ‘tidy up' a bill, making small changes to ensure it is effective.
Members have put forward amendments (PDF) to the bill on private schools and when the bill will take effect.
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