The government launched a review of the business rates system in March 2020, with the objectives of reducing the burden on business, improving the current system, and considering longer-term reforms. The Final Report of the Business Rates Review, published in October 2021, announced changes to cut the burden of business rates worth over £6 billion from 2022-23 to 2026-27, and introduced a roadmap for delivering reforms. The government has since provided further support worth £13.6 billion at Autumn Statement 2022, building on the reforms announced at Budget 2021.
The latest technical consultation provided an opportunity for stakeholders to set out their views on our specific plans. This document provides a summary of these responses, along with an overview of how these have been used to improve and refine HMT proposals. The document can be found at https://assets.publishing.service.gov.uk/government/uploads/system/uploads/attachment_data/file/1142759/M5373_-_Business_Rates_Technical_Consultation_Summary_of_Responses_FINAL.pdf.
Alongside this, the government has published a Note detailing the current estimates of the anticipated impact of the VOA’s new duty on ratepayers to tell the VOA about changes relevant for valuations. The new duty is essential to support more frequent revaluations, a key stakeholder ask at the 2020 Review of Business Rates. The Note can be found at M5373_-_Non-Domestic_Rating_Information_and_Impact_Note__NDRIIN__FINAL.pdf (publishing.service.gov.uk).
The government has published a summary of responses to the ‘Digitalising Business Rates: connecting business rates and tax data’ consultation. The project aims to modernise the business rates system, improve the targeting of rates relief, generate better data for central and local government and improve business rates compliance. The document provides a summary of the consultation responses we received and sets out proposed next steps on how, why and when the government will deliver DBR over the coming years
The document can be found at Digitalising Business Rates: connecting business rates and tax data - GOV.UK (www.gov.uk).
The government will legislate for a new duty on ratepayers to provide a taxpayer reference number (such as a self-a
To see the full article login into your member account at https://www.irrv.net/memberarea
Not a member yet? To unlock this article, plus unlimited access to our website and exclusive offers, become a member today.
Click Here
for more information, or contact IRRV membership at membership@irrv.org.uk.
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.
Copyright © 2025 · All Rights Reserved · Institute of Revenues Rating and Valuation