Following the Transforming Business Rates Interim Report, the government committed to explore how moving to a marginal tax rate, where successive bands are taxed at increasing rates, may be beneficial for investment. This Call for Evidence seeks stakeholder input on these elements of the system, as well as the overall role business rates plays in investment.
Consulting on proposals to:
HM Treasury: Transforming Businesses Rates
At Autumn Budget 2024, the government announced its intention to introduce permanently lower business rates for retail, hospitality and leisure properties from 2026-27 to level the playing field for the high-street. The Government are consulting on its priority areas of reform to achieve the remaining objectives: to incentivise investment and ensure the business rates system is fair and fit for the 21st century.
The government is consulting on the scope and scale of avoidance, evasion and poor rating agent behaviour in the business rates system, and potential methods to tackle it.
A consultation on draft regulations to implement the government’s Business Rates Improvement Relief Scheme to support businesses wishing to invest in their property. It will ensure that no ratepayer will face higher business rates bills for 12 months as a result of qualifying improvements to a property they occupy.
This consultation seeks further views on the proposals set out in the earlier ‘Business Rates Review: Final Report’, for the Valuation Office Agency (VOA) to provide greater transparency by disclosing more information about business rates valuations. This consultation sets out further detail on what data might be included, with chapters 2 and 3 providing more details about specific proposals.
The Welsh Government is consulting on a wide range of improvements to non-domestic rates. The proposals include the following:
This consultation explores these issues and the potential impacts of an OST to help the government assess the case for and against implementing such a tax.
This consultation sets out how the government intends to give effect to a number of measures arising from its recent business rates review. It covers the following areas:
Building on 2020’s Scottish Budget consultation exercise, the Scottish Government has been exploring ways to enhance its approach to tax policy making at the beginning of this new session of the Scottish Parliament.
