Written question WQ97851
- Asked by
- Russell GeorgeIndependent
- To be answered by
- Cabinet Secretary for Finance and Welsh Language
- Tabled
- Due
- Answered
- Time to answer
- 5 days
Question
What consideration has the Welsh Government given to eliminating business rates for small businesses?
Answer
Answered by Cabinet Secretary for Finance and Welsh Language
Over 50,000 properties across Wales (40% of properties in the tax-base) already attract full Small Business Rates Relief (SBRR). When partial relief is included, around 70,000 properties benefit from SBRR. This permanent relief, worth £140m annually, is fully funded by the Welsh Government.