Business tax for pubs and other venues in the UK will be reduced by 20% from 2027

British Prime Minister Barnham announced that the business tax for bars, clubs and live music venues across the country will be reduced by 20% starting from April next year.

The British government released a statement on Thursday (July 23rd) saying that this tax reduction measure is expected to benefit nearly 32,000 enterprises. Generally, pubs will save approximately 1,100 pounds next year.

This is the third policy announced by Burnham within three days since he became the prime minister.

Downing Street said that this tax reduction measure would cost approximately 100 million pounds annually. The government will raise funds by reviewing the current tax benefits given to some enterprises that "make no positive contribution to the local community", such as e-cigarette stores. Additionally, the authorities will also strengthen the crackdown on enterprises that sell through online markets but fail to fulfill their tax obligations.

However, the largest live music venues will not be eligible for this 20% tax reduction. The specific details will be announced in the autumn budget.

Burnham said that this policy indicates that the government will "support the commercial establishments that people hope to see in the community", rather than standing idly by and allowing "the cherished places to disappear from the local commercial streets".