Published on February 19th, 2021 | by The GC Team0
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”.