Taxation and Business Rates

HMRC have launched a consultation which proposes to introduce ‘conditionality’ measures to tackle the hidden economy This would make compliance with certain tax obligations a condition of holding some licences, and introduce checks on applicants’ tax-registration status as part of licensing processes.

The Welsh Government is seeking views on proposals to reform the system for business rate appeals in Wales.

From 1st April 2018, a new Small Business Rate Relief scheme will operate in Wales. This scheme will aim to more effectively target support for small businesses. The consultation invites views on proposals including:

The Public Accounts Committee has launched an inquiry into business rates retention and the Government’s plans for local authorities to retain all stock and growth in business rates revenue by 2019/20.

The Welsh Government are consulting on proposals to reform the structure and organisational procedures provided for in the Valuation Tribunal Regulations 2010 to:

• remove unnecessary bureaucracy and simplify administrative procedures to allow the Valuation Tribunal for Wales to work more efficiently
• strengthen governance arrangements to ensure the independence and accountability of the organisation
• provide for future reforms to the business rates appeals process.

The Department for Communities and Local Government has opened a consultation on allowing local government to retain 100% of the business rates they raise locally.

At the Budget on 8 March, the Chancellor announced that the government would make available a discretionary fund of £300 million to support those businesses most affected by the revaluation.

The Department for Communities and Local Government has launched a consultation seeking views on the:

• allocation of resources to local authorities
• arrangements for local authorities compensation
• operation and conditions of discretionary relief scheme

HM Revenue and Customs has launched a consultation on three possible models for late submission penalties and update on late payment penalty interest in relation to Making Tax Digital.

The Department for Communities and Local Government seeks views on the proposed transitional arrangements to phase in changes in business rate bills from the 2017 business rates revaluation. ACS' submission can be found below.

The Welsh Government has issued a call for views on the practical application of the proposed transitional rate relief scheme in Wales,  to support properties whose eligibility for Small Business Rates Relief will be affected by increases in their rateable value as a result of the 2017 non-domestic rates revaluation. ACS' submission can be found below.