HM Treasury will conduct a fundamental review of business rates with the objective of:
- reducing the overall burden on businesses
- improving the current business rates system
- considering more fundamental changes in the medium-to-long term
Alongside supporting the government in its core aims regarding the economy, productivity and its fiscal rules, the review will also have particular regard to:
- the role of business rates in the funding of local government and local services, and the impact of any changes on business rates retention
- the delivery of existing reforms to the business rates system
- the practical challenges involved in any reforms, and necessary compromises
- the implications of the current and future subsidy control regimes
- the implications of any changes for the devolved administrations
Consultation details:
ACS' submission:
