Business rates were revalued in April 2017 and a further rise in business rates is planned for April 2018. What could be the impact of revaluation and will the 2018 rise go ahead?
The government’s further consultation on the design of the reformed business rates system runs until 3 May. It covers resets, pooling, Local Growth Zones, appeals, tier splits, the safety net and the central list. This briefing sets it in context, describes it and comments on it.
The Local Government Finance Bill 2017 includes measures relating to business rate reliefs, business rate retention, multiplier flexibilities, the annual finance settlement, and council tax referenda. This briefing summarises the contents of the original Bill and amendments voted on and passed in its Committee Stage in the House of Commons.
DCLG and LGA have set up working groups to consider details of the proposed 100% Business Rate Retention system. This briefing provides a digest of and comment on their work since the July 2016 consultation on the system, grouping the papers by issue.
September and early October saw the release of a number of documents relating to the 2017 revaluation. These were issued by the VOA and DCLG. There was also an observation published by the IFS on the 28 September releases. This report summarises these publications and comments on them.
In July 2016, the government published a consultation “Self-sufficient local government: 100% business rates retention”. This briefing is on the second of the two documents in this publication, "Business rates reform: Call for evidence on Needs and Redistribution". The call for evidence runs until Monday 26 September
On 5 July 2016, the Government published a consultation “Self-sufficient local government: 100% business rates retention”. This briefing is the second of two on the main paper of this consultation, covering roughly the second half of the document, from page 28. The consultation runs until Monday 26 September.
On 5 July, the Department for Communities and Local Government (DCLG) published a consultation “Self-sufficient local government: 100% business rates retention”. This briefing is the first of two on the main paper of this consultation, covering the first 27 pages of the document. The consultation runs until Monday 26 September.
The IPPR report “Better Rates” looks ahead to the introduction of 100 per cent business rates retention, modelling potential outcomes for the policy, and identifies a weakness. This briefing summarises the report and looks at possible scenarios for this radical change.
The Queen's Speech 2016 included major bills on business rates retention, higher education reform, and substantial planning, transport, and digital economy measures. The challenges for local leadership teams remains constructing a coherent, tailored local approach to growth and devolution in the face of continuing inconsistencies and tensions nationally.