Business rates review

30th May 2014


Hadleigh Chamber has an opportunity to respond to the Rates discussion paper by Friday 6 June. The Councils will be responding directly but that is likely to be from a perspective of collecting the rates and use of the funds. We are following up with Suffolk Chamber as well, but there may not be sufficient time to get a fully collated response. Please download the discussion paper here and let me have any comments directly be Wednesday 4 June please - tony.addison@free-rein.net. Please make sure the comments are usable and can easily be cut and paste or rolled into a collated, representative response as time is tight.

The discussion paper describes the business rates system in England and how it is run. It summarises five elements of the system (how property is valued; how often properties are valued; how business rates bills are set; how business rates are collected; and how information is used), asks questions and invites views from stakeholders on issues and ideas for longer term reform.

Background

The government announced in Autumn Statement 2013 that it will discuss options with business for longer-term administrative reform of business rates after 2017. The government published terms of reference outlining the scope of the review in February. This discussion paper is the next step in the process. It summarises how the business rates system in England works and asks questions of stakeholders to help identify issues with the administration of the system that the government might seek to address through its review.

There should be further opportunities to comment as more detail is defined but where there is strong feeling in the membership we need to make our mark now and ensure we are part of the ongoing consultation.

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