![\"Rachel](\"https:\/\/www.europesays.com\/uk\/wp-content\/uploads\/2026\/01\/rachel-reeves-hm-treasury.jpg\")
<\/p>\nHM Treasury’s headquarters will enjoy a nearly \u00a3290,000 cut to its business rates bill next financial year, even as the department implements tax changes set to hammer thousands of British pubs with substantially higher charges.<\/p>\n
The reduction stems from a lower multiplier applied to rate calculations.<\/p>\n
The Treasury building at 1 Horse Guards Road will pay \u00a39.62million in 2026\/27, despite a four per cent rise in its property valuation, according to Government data analysed by tax specialists at Ryan.<\/p>\n
Meanwhile, pubs across Britain face mounting bills after VOA figures revealed their rateable values jumped by 32 per cent under the new property assessments.<\/p>\n
During November’s budget, the Chancellor declared that business rates would become “permanently lower” for smaller retail, hospitality and leisure operators, though industry leaders have disputed this claim over recent months.<\/p>\n
The Government lowered the multiplier for calculating property taxes but simultaneously confirmed that a 40 per cent relief scheme for hospitality, retail and leisure businesses would cease from April.<\/p>\n
Replacement transition relief measures have been announced, though these will be gradually withdrawn until they disappear entirely by April 2029.<\/p>\n
Fresh property valuations introduced for 2026 produced sharp increases in assessed values for hospitality venues, with pubs and hotels seeing particularly steep rises.<\/p>\n
The Chancellor declared that business rates would become “permanently lower” for smaller retail<\/p>\n
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Trade bodies and business leaders have criticised the Government, warning that the tax alterations could force venues to close and trigger widespread redundancies throughout the country.<\/p>\n
Ministers have signalled that additional financial assistance for pubs will be unveiled within the coming weeks as they respond to mounting pressure from the sector.<\/p>\n
Rachel Reeves told reporters at the World Economic Forum on Wednesday: “The situation the pubs face is different from other parts of the hospitality sector but we will be setting out the detail in the next few days.”<\/p>\n
Hotels, however, remain anxious about their prospects, with operators issuing renewed appeals for help amid concerns they may be excluded from any forthcoming relief package.<\/p>\n
![\"HM](\"https:\/\/www.europesays.com\/uk\/wp-content\/uploads\/2026\/01\/hm-treasury.jpg\")
Tax experts anticipate that numerous other office buildings will also face higher business rates as part of the broader overhaul<\/p>\n
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The broader hospitality industry continues to press for clarity on support measures as the April deadline approaches.<\/p>\n
Tax experts anticipate that numerous other office buildings will also face higher business rates as part of the broader overhaul.<\/p>\n
Alex Probyn, practice leader for Europe and Asia-Pacific property tax at Ryan, said: “Across the seven principal Central London office districts, an 11.9 per cent rise in rateable values generates \u00a3607.9 million of additional rateable value.<\/p>\n
![\"Pub\"\/](\"https:\/\/www.europesays.com\/uk\/wp-content\/uploads\/2026\/01\/pub.jpg\")
Ministers have signalled that additional financial assistance for pubs will be unveiled within the coming weeks<\/p>\n
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“Even after lower multipliers and transitional relief, that still results in a \u00a378.7million increase in business rates liabilities in 2026\/27 once supplements are taken into account.”<\/p>\n
A Treasury official confirmed the limited brief of the upcoming U-turn, telling the Financial Times: “this package is for pubs”. <\/p>\n
They insisted, however, that the Government would continue to listen to the concerns of the wider sector.<\/p>\n
\u200bOn the issue of business rates, a Treasury spokesperson said:\u200b “Property valuations for business rates are calculated independently by the Valuation Office Agency. HM Treasury will be paying a higher multiplier next year to help fund a lower rate for the high street, as part of the Government\u2019s commitment to rebalance the business rates system.”<\/p>\n","protected":false},"excerpt":{"rendered":"HM Treasury’s headquarters will enjoy a nearly \u00a3290,000 cut to its business rates bill next financial year, even…\n","protected":false},"author":2,"featured_media":713128,"comment_status":"","ping_status":"","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[3090],"tags":[51,1700,1232,285,619,512,1200,16,3106,15],"class_list":{"0":"post-713127","1":"post","2":"type-post","3":"status-publish","4":"format-standard","5":"has-post-thumbnail","7":"category-economy","8":"tag-business","9":"tag-economy","10":"tag-money","11":"tag-politics","12":"tag-rachel-reeves","13":"tag-sgg","14":"tag-tax","15":"tag-uk","16":"tag-uk-politics","17":"tag-united-kingdom"},"share_on_mastodon":{"url":"https:\/\/pubeurope.com\/@uk\/115938998570899102","error":""},"_links":{"self":[{"href":"https:\/\/www.europesays.com\/uk\/wp-json\/wp\/v2\/posts\/713127","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.europesays.com\/uk\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.europesays.com\/uk\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.europesays.com\/uk\/wp-json\/wp\/v2\/users\/2"}],"replies":[{"embeddable":true,"href":"https:\/\/www.europesays.com\/uk\/wp-json\/wp\/v2\/comments?post=713127"}],"version-history":[{"count":0,"href":"https:\/\/www.europesays.com\/uk\/wp-json\/wp\/v2\/posts\/713127\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/www.europesays.com\/uk\/wp-json\/wp\/v2\/media\/713128"}],"wp:attachment":[{"href":"https:\/\/www.europesays.com\/uk\/wp-json\/wp\/v2\/media?parent=713127"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.europesays.com\/uk\/wp-json\/wp\/v2\/categories?post=713127"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.europesays.com\/uk\/wp-json\/wp\/v2\/tags?post=713127"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}