The Valuation Office Agency (VOA) is asking for views on disclosing more information on business rates valuations. This includes 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 welcomes 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.
Consultation closes on 7 June 2023.
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.
Proposals in the consultation include:
Giving local authorities the discretionary power to enable a premium of up to 100% on second homes. Giving local authorities the discretionary power to enable a premium of greater than 100% to be applied to both second (and long-term empty) homes. Seeking views on whether the current premium on long-term empty homes should remain capped at 100% or if councils should have discretion to increase this beyond 100%. Seeking viewsTo see the full article login into your member account at https://www.irrv.net/memberarea
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