IRRV Newsletter 5th June 2023 to 11th June 2023

Consultations / Inquiries / Surveys etc.

BUSINESS RATES

Consultation on Disclosure: Sharing Information on Business Rate Valuations (England and Wales)

The Valuation Office Agency (VOA) asked for views on disclosing more information on business rates valuations. This included having access to an analysis of the evidence used to calculate the rateable value of your property and an explanation of how evidence has been used.

The proposed changes follow the government’s review of the business rates system. VOA welcomed views from:

Ratepayers (including occupiers or tenants of non-domestic properties who do not pay business rates due to reliefs). Landlords. Rating agents. Business representative bodies. Local authorities. Other stakeholders interested in the business rates system.

The consultation can be found at https://www.gov.uk/government/consultations/consultation-on-disclosure-sharing-information-on-business-rate-valuations.

The consultation closed on 7 June 2023.  The IRRV response can be found at IRRV-Response-VOA-Consultation-Disclosure.pdf.

Consultation on Improvement Rates Relief (Wales)

The Welsh Government is launching a consultation on a proposal to provide improvement relief. This aims to support growth and investment in the tax-base. Subject to the outcome of the consultation, the Welsh Government proposes to provide the relief from 1 April 2024.

A copy of the consultation documents and the response form can be found at https://www.gov.wales/improvement-rates-relief.

Consultation closes on 8 August 2023. 

Consultation on Renewable Energy Rates Support (Wales)

The Welsh Government is launching a consultation on proposals for non-domestic rates support for renewable energy. These measures are intended to support the Welsh Government’s ambitions for the transition away from the use of fossil fuels and the decarbonisation of heat. Subject to the outcome of the consultation, it is proposed to provide this support from 1 April 2024.

A copy of the consultation documents and the response form can be found at  https://www.gov.wales/renewable-energy-rates-support.

Consultation closes on 15 August 2023.  

Business Rates Improve

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The Institute of Revenues, Rating and Valuation (IRRV) is the professional body for local taxation, benefits and valuation. We promote best practice and support the professional activities of our members working in government and commerce.

The mission is international and the Institute welcomes many individual members across the world, as well as working in close partnership with international partners.


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