Government announces review of business rates system

28 Jul 2020

The government has published a call for evidence on the overhaul of the business rates system that applies in England.

The government announced at the 2020 Budget in March that it would conduct a review of the business rates system in England. It is seeking views from businesses, business representative organisations, local authorities, rating agents, others involved in the operation of the system and anyone interested in the business rates or wider tax system.

The call for evidence seeks views on how the business rates system currently works, issues to be addressed, ideas for change and a number of alternative taxes.

Commenting on the issue, Kate Nicholls, Chief Executive at trade association UKHospitality, said: 'Kicking back the revaluation by a further year will give businesses some much-needed breathing room and stability.

'Pushing back should also provide time for reforms to be introduced and a more accurate reflection of property values following this crisis, which has clearly had an enormous impact on trade.'

The government stated that it welcomes views on the multiplier and reliefs sections of the call for evidence by 18 September 2020, to inform an interim report in the autumn.

The call for evidence can be found here.

Management Accounting image

Management Accounting

Producing monthly or quarterly management accounts on a regular basis.

View more
Business planning image

Business Planning

Our proactive team can help you to put an efficient business plan into place.

View more
Factsheets & Resources image

Factsheets

Our factsheets cover a range of relevant accountancy and business topics.

View more

Home | Contact us | Site map | Accessibility | Disclaimer | Help | © 2020 Spencer Woods Limited. All rights reserved.

Spencer Woods Ltd : Unit 5, Concept Court, Kettlestring Lane, Clifton Moor, York, Yorkshire YO30 4XF
Spencer Woods (York) Ltd : Unit 5, Concept Court, Kettlestring Lane, Clifton Moor, York, Yorkshire YO30 4XF
Spencer Woods (North East) Ltd : Unit 5, Concept Court, Kettlestring Lane, Clifton Moor, York, Yorkshire YO30 4XF
Spencer Woods (Thirsk) Ltd : 39 Westgate, Thirsk, Yorkshire YO7 1QR
We use cookies on this website, you can find more information about cookies here.