SWCouncils

Welcome

Bryony Houlden, Chief Executive, South West Councils

Welcome to the latest edition of  SWCouncilsNews – we hope you continue to find it useful. 

As always, please do continue to let us know what you think of this newsletter or submit stories for publication, as well as ideas for future events and please keep telling us about your successes you want to share in this newsletter. 

Yours, Bryony

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Consultation - Business rates: delivering more frequent revaluations

Release Date: Jun 01, 2016

At Budget 2016 the government announced it will aim to introduce more frequent (at least 3 yearly) revaluations of properties in England for business rates purposes. This discussion paper sets out the challenges of delivering more frequent revaluations under the current valuation system; and alternate approaches including self-assessment and a formula approach.

The paper does not indicate a government preference and does not discount other options. The paper aims to enable stakeholders to consider the trade-offs of delivering more frequent revaluations against the merits and limitations of the current bespoke valuation system.

Please send written submissions (up to 5Mb) and research to valuationdiscussiondocument@voa.gsi.gov.uk. The deadline for contributions is Friday 8 July 2016.