Bryony Houlden, Chief Executive, South West Councils
Welcome to the latest edition of SWCouncilsNews – we hope you continue to find it useful.
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Consultation - Business rates: delivering more frequent revaluations
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 firstname.lastname@example.org. The deadline for contributions is Friday 8 July 2016.