Written question WQ96565
- Asked by
- Peter FoxConservative
- To be answered by
- Cabinet Secretary for Finance and Welsh Language
- Tabled
- Due
- Answered
- Time to answer
- 6 days
Question
What evidence base informed the choice of £100,000 as the threshold for the higher multiplier outlined in the Welsh Government's consultation on proposals for non-domestic rates differential multipliers, and what consideration has been given to aligning this figure with post-pandemic commercial property market realities?
Answer
Answered by Cabinet Secretary for Finance and Welsh Language
The launch of our consultation on proposals to introduce differential multipliers for Wales marks the commencement of our engagement with stakeholders on these specific proposals, however there has been regular engagement with stakeholders around the potential use of the differential multiplier powers in the Local Government Finance (Wales) Act 2024 over the past year. My officials have met with retail sector representatives since the launch of the consultation.
Ratepayers for approximately 11,470 small to medium sized shops would not benefit from the proposed retail multiplier, because they already receive full relief from non-domestic rates liability. In addition, approximately 1,650 larger (by rateable value) shops would not be subject to the proposed retail multiplier. A breakdown by local authority is set out in Table 1 below.
Table 1: Number of shops which would not benefit from the proposed retail multiplier, by local authority
Local authority
Shops with full relief
Properties not eligible
Isle of Anglesey
356
26
Gwynedd
755
54
Conwy
573
70
Denbighshire
482
58
Flintshire
420
77
Wrexham
354
69
Powys
681
30
Ceredigion
387
30
Pembrokeshire
590
54
Carmarthenshire
718
117
Swansea
715
171
Neath Port Talbot
529
34
Bridgend