Briefing: Business Rates Retention Reform Consultation

Policy product type
LGiU essential policy briefing
Published date
January 31, 2019
Author
Mike Woods, LGiU Associate
Issues Covered
  • risks and rewards
  • safety nets
  • setting the system up
  • simplification
Categories
Local government finance
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This consultation includes a new proposal to introduce variable business rates baselines and “floating” top-ups and tariffs which, it claims, would remove many of the uncertainties around how much business rates income is retained. The consultation is running in parallel with a consultation on local authorities’ relative needs and resources.

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