BRITISH PROPERTY FEDERATION RESPONDS TO WRITTEN MINISTERIAL STATEMENT ON BUSINESS RATES…
The ‘terms of reference’ for the government’s review of business rates, published yesterday, announced that the administration of billing and collection by local authorities, the circumstances under which liability can be backdated, changes to the valuation methods, and the frequency of revaluations will all be reviewed.
Ion Fletcher, Director of Policy (Finance) at the British Property Federation, said: “We are supportive of the government’s review of the business rates system and would welcome a commitment to more frequent business rates revaluations. However, it is a shame that the scope of the review does not seem to contemplate more radical long term reform such as breaking the link between rates and RPI.”
Go to the main page