Government launches review of business rates for hospitality sector

The government has initiated a formal review into the calculation of business rates for pubs and hotels in England and Wales. This process aims to evaluate the current system and potential paths for reform. Business rates are a tax on non-domestic properties, often cited by hospitality operators as a significant overhead. The review will examine how these valuations are determined to assess if the existing framework remains fit for purpose. Market participants are monitoring the review for potential changes to tax liabilities for the hospitality industry.