Written question WQ100390
- Asked by
- Nick CarterPlaid
- To be answered by
- Cabinet Minister for Finance
- Tabled
- Due
- Answered
- Time to answer
- 1 day
Question
What consideration has the Cabinet Minister given to increasing the small business rates-relief threshold to reflect cumulative inflation since it was frozen in 2018?
Answer
Answered by Cabinet Minister for Finance (Elin Jones)
The Welsh Government has not considered increasing the rateable value thresholds used to determined eligibility for the relief in line with inflation. Rateable values do not increase annually in line with inflation. They are reviewed during revaluations of the whole tax-base, which may result in an increase, decrease or no change at an individual property level.