Taxation and Business Rates

The Treasury Select Committee tax inquiry is considering whether the Government’s post-pandemic planning should include changes to tax regimes, including those directly affecting businesses and workers.

The proposed changes will

• create a legal definition of an ATM
• amend the categories of properties exempt from receiving SBRR to include ATMs
• provide clarification of how ATMs should be treated regarding SBRR.

The Scottish Governments’ Local Government and Communities Committee will explore the impact of a Non-Domestic Bill which aims to reform non-domestic rates in Scotland. The Committee is seeking views on:

The Treasury Committee launches a new inquiry into Business Rates to scrutinise how Government policy has impacted business.

This consultation seeks views on proposals for sharing risk and reward, managing volatility in income and setting up the reformed business rates retention system.

The reform of the business rates retention system will sit alongside wider changes to the local government finance system which the government aims to introduce in 2020.

The House of Lords Economic Affairs Committee’s Finance Bill Sub-Committee is investigating the draft Finance Bill 2018. In particular, the Sub Committee is examining progress on the ‘Making Tax Digital’ programme since the Sub-Committee’s March 2017 Report on Making Tax Digital for Business.

The Welsh Government has opened a consultation on tackling avoidance of non-domestic rates in Wales

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: