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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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.