Government delays business rates review
The final report of the Government’s review of business rates has been postponed until autumn this year “due to the ongoing and wide-ranging impacts of the pandemic and economic uncertainty”, it was announced today.
The review was announced by the Chancellor at last year’s Budget, with a call for evidence published in July 2020 to seek stakeholders’ views on key issues including reforming the rates multiplier and looking at alternative ways of taxing non-residential property.
An interim report which will include a summary of responses to the call for evidence will be published on 23 March, along with a number of tax documents, consultations and calls for evidences on a wide-range of tax-related issues.
The Government said the review’s final report would be released later in the year “when there is more clarity on the long-term state of the economy and the public finances”.
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